EURUSD is breaking the rising wedge
It is breaking below the rising wedge 1.17500 and horizontal resistance. For a downside extension continuation and a higher probability of short trade entries, we need to see a confirmed break below this level. A break below this level would lead to an extension lower to 1.15000. The overall medium-term is an uptrend but we need to see a confirmed break above 1.1900 for a complete upside continuation extension above 1.12000.
Note – We are inclined more to short trade entries with the stop loss above 1.17500
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