EDGE Chart of the Day – EURUSD (October 23rd, 2024)

The EURUSD market has spent the last 3 weeks depreciating within a 15 month old symmetrical triangle. We are now getting very close to the trendline support which passes from 1.075. This is clearly a pivot area for the pair. A rebound from here keeps the market in a larger range while a break lower opens more downside for the pair.

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