{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-usd-falling-wedge-upside-reversal\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-usd-falling-wedge-upside-reversal\/","headline":"EUR\/USD Falling Wedge & Upside Reversal!","name":"EUR\/USD Falling Wedge & Upside Reversal!","description":"EUR\/USD has turned to the upside again as the DXY drops like a rock in the short term. The currency pair has developed a potential Falling Wedge pattern which could bring an upside reversal. Still, it\u2019s premature to talk about a potential reversal as long as the pair stays below the downtrend line. Right now […]","datePublished":"2021-07-08","dateModified":"2021-07-08","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eusud.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eusud.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/eur-usd-falling-wedge-upside-reversal\/","about":["EUR\/USD"],"wordCount":183,"keywords":["EUR\/USD","Trade idea"],"articleBody":"EUR\/USD has turned to the upside again as the DXY drops like a rock in the short term. The currency pair has developed a potential Falling Wedge pattern which could bring an upside reversal.Still, it\u2019s premature to talk about a potential reversal as long as the pair stays below the downtrend line. Right now we have to focus on the current bounce back.Technical Analysis!EUR\/USD has found support around the Falling Wedges\u2019s downside line. Its failure to stabilize under the weekly pivot point (1.1799) signaled a potential upwards movement.The major upside target is at the Falling Wedges\u2019s resistance and at the ascending pitchfork\u2019s median line (ml). Only an upside breakout through the downtrend line could really activate a broader upwards movement.The bias remains bullish in the short term as long as it stays above the ascending pitchfork\u2019s lower median line (lml). Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}