Daily Forex Update: EUR/USD

The intraday downtrend on the EUR/USD has taken the pair through the 1.2700 “big figure,” and is now trying to establish resistance there. This ceiling will confirm the resistance of the Falling Wedge pattern on the 15-minute time frame; exhaustion at this level will trigger an Autochartist Retracement/Correction (ARC) short-sell. The expectation for exhaustion comes [...]