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James Stanley: EUR/USD forms falling wedge and tests support after Fed and ECB decisions
James Stanley, senior strategist at DailyFX, highlights that EUR/USD is forming a falling wedge pattern and is testing support levels following the latest policy actions by the U.S. Federal Reserve and European Central Bank.
The update draws attention to technical developments in the EUR/USD currency pair as traders assess implications from both central banks.
Stanley has recently tracked key support areas in other markets. Earlier, he reported that gold continued to find support at 4671 as sellers struggled to drive prices lower. More recently, he noted that gold was approaching the $4500 support level during a period of ongoing market pressure.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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