Its been a busy week for me, not much time to update my blog so this would be the 1st update of the week. As we can see earlier on there was a rising wedge pattern in the Daily chart. The pattern is now confirmed with the break of the lower support of the wedge pattern. With the pair failing to retest 1.3850, sellers remain at large in the EUR/USD for now. If we do see break below the prior Low at 1.3450/40 then we will see 1.3200/3100 soon. With ongoing rates normalization process, risky assets are now adjusting their value.
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