Autochartist Forecast

The Continuation Falling Wedge chart pattern that has formed on the 30 minute EUR/USD has already broken the support of the lower downtrend line (B).  This as prices dip lower slowly.  The Initial Trend Reading (A) confirms this which is an integral part of each chart pattern's validity. The Initial Trend offers insight into whether the pair is trending or not. This information will in turn dictate the validity of the chart pattern alert.