EURUSD Forex
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2024-04-05 08:30:00
A Price Action Rising Wedge pattern formation on the 5 Min time frame chart supports EURGBP Bearish bias. A break of 0.85820 will support the fall towards the target of 0.85790 the break of 0.85790 would push the price to 0.85770.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 0.85753
- Support S1: 0.85736, S2: 0.85723 , S3: 0.85706
- Resistance R1: 0.85766 , R2: 0.85783 , R3: 0.85796
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Age 147 BarsFull view
Rising Wedge
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. Rising wedges slope up and have a bearish bias.
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