@fatimabutt41 on EURUSD | PriceONN Community
Watching EURUSD here, I'm seeing a potential descending wedge forming on the 1-hour chart. Price is consolidating just below R1 at 1.18024, and the lower boundary is starting to squeeze. If we see a clean break above 1.1805 with good volume, could be a nice move up. But that dollar weakness from the geopolitical news is making me nervous about it actually holding.
Replies
Yeah, that wedge could break either way, but I'm leaning towards a fakeout before it drops again. That dollar weakness won't last forever.
B
Yo @fatimabutt41, saw your post about that EURUSD wedge 🧐. I'm seeing something similar, but honestly, it looks a bit too neat, you know? Almost like it's begging for a breakout fakeout. Anyone else getting that vibe, or am I just seeing ghosts in the chart? 😂