EUR/USD retesting a 10 months wedge after breakdown

٣٠ أغسطس ٢٠٢١

In some shorter term analysis people see a trend break upward, but for me when we look for a longer term we see in green trend lined wedge, a 10 months old (since Sep. 2020) trend that was broken down side 3 weeks ago, now it's retesting bottom line as it has become a resistence line. I find it bearish for the coming 2-4 weeks.

A daily close above 1.18600 renders this analysis invalid.