EUR/USD - Moving lower within the wedge formation

Ian Coleman FXStreet

EURUSD - Intraday - We look to Sell at 1.1195 (stop at 1.1225)

Posted Mixed Daily results for the last 178 days. Net daily losses of 74 pips. Yesterday's Marabuzo is located at 1.1190. Bespoke resistance is located at 1.1195. Price action has formed an expanding wedge formation. The trend of lower lows is located at 1.1120. Intraday signals are far from strong.

Our profit targets will be 1.1117 and 1.1055

Resistance: 1.1195 / 1.1233 / 1.1294
Support: 1.1116 / 1.1055 / 1.1000

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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