EUR/USD analysis for May 05 2021 – Falling wedge and potential for the upside movement towards 1.2075

Technical analysis: EUR has been trading downside but from my view it reached the extreme reading and the upside is preferable. Trading recommendation: Watch for potential buying opportunities above 1.2030 wit the upside target at 1.2070. I found that falling wedge formation, which is another sign of the exhaustion on the downside and potential for […]