EUR/USD Forecast. Euro got lost in corridors


SELL 1.2215 SL 1.227 TP1 1.2115 TP2 1.2095 TP3 1.1995

BUY 1.2515 SL 1.246 TP1 1.2615 TP2 1.2715 TP3 1.2815

On the daily chart, EUR/USD keeps consolidating in the 1.2215-1.2515 range within spike and ledge pattern. A break of resistance at 1.2515 will lead to the uptrend’s resumption. On the other hand, decline below support at 1.2215 will increase the risks of a correction.


On H1, EUR/USD keeps forming a “Widening wedge” pattern. The decline to the point 5 will open the way down to 78.6% of the Gartley pattern.



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