On April 28, 2024 futures trading data calculations indicated the Euro would continue to follow a descending triangle pattern. Current Engrbytrade™ futures trading data calculations indicate the Euro is changing direction for a move upward. This is reflected within the context of a descending broadening wedge shown below. The Euro is expected to move up to the 120 range as the US Dollar moves lower.
Charts are courtesy of StockCharts.com.
