EURUSD On Down Slide Path.

Apr 27, 2020

EURUSD is trading in a falling wedge pattern in a bigger trend, within the falling wedge, it is also trading in channel pattern. We might see more downside in EURUSD from the current level. As we can see, the falling wedge resistance line and parallel channel resistance line overlap each other, so there is strong resistance for upside in EURUSD. We might see downside towards the support line, as we can see in the chart.

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Apr 30, 2020

Note

usa has expanded it lending criteria so we have seen this volatility in market.
ecb also said no more for qe and there are highly chance of not going to no-deal brexit. big bar in chart is with respective news flow