Autochartist Forecast
EUR/USD Reaches 1.4150 Decision Level
The EUR/USD has been climbing steadily against the U.S. Dollar and prices have been testing the 1.4138 to 1.4154 resistance area. The 15 minute Reversal Rising Wedge Complete Pattern alert traded up to the 1.4110 to 1.4140 resistance Forecast Region. The green resistance uptrend line was broken in a wedge breakout.
There seems to be a morning range on the EUR/USD setting up. It has not transitioned the uptrend as prices are still in a mark up phase. Keep looking for trending pattern alerts, like this 30 minute Continuation Rising Wedge.
The pattern has a low Initial Trend which lends itself better to a potential reversal than continuation. The breakout level however also has to content with the current resistance level that can be seen on the 15 minute Forecast Region. Trend follow set ups can be: the breakout of the green resistance uptrend line; or: a bounce off the blue support uptrend line. A break of the uptrend support line would signal a reversal. Aggressively, a short could be taken at the 15 minute's Forecast Region, as long as prices do not pierce the 1.4165 level.
There seems to be a morning range on the EUR/USD setting up. It has not transitioned the uptrend as prices are still in a mark up phase. Keep looking for trending pattern alerts, like this 30 minute Continuation Rising Wedge.
The pattern has a low Initial Trend which lends itself better to a potential reversal than continuation. The breakout level however also has to content with the current resistance level that can be seen on the 15 minute Forecast Region. Trend follow set ups can be: the breakout of the green resistance uptrend line; or: a bounce off the blue support uptrend line. A break of the uptrend support line would signal a reversal. Aggressively, a short could be taken at the 15 minute's Forecast Region, as long as prices do not pierce the 1.4165 level.
30 June | 
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