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10.06.2025 05:59 AM
With the appearance of the Ascending Broadening Wedge pattern followed by the appearance of the Bearish 123 pattern, it gives an indication that in the near future EUR/USD has the potential to weaken, especially with the confirmation of the appearance of a divergence between the EUR/USD price movement and the CCI indicator (30), the stronger the probability of Fiber weakening in the near future where the 1.1372 level will be tested to be broken. If successful, then as long as there is no further strengthening that breaks and closes above the 1.1495 level, EUR/USD will weaken down to 1.1339 as its first target and 1.1298 as its second target if volatility and momentum of weakening support.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
