THAI BAHT vs EURO will Go Up or Down⁉️
🔹#EURTHB indicates a 10-month Rising Wedge pattern in a downtrend which is one of the most difficult patterns to predict. After the Baht weakened from its last high at 39.60Thb (Oct-21) in a 5-month downtrend and before to bounce back just above the 61.8% Fibonacci level at 35.50 Thb, the price is consolidating and sketching Higher-Highs and Higher-Lows in an Uptrend Rising Wedge where a breakout (in 79% of cases, the exit is bearish) could occur at any time.
🔹#EURTHB indicates a 10-month Rising Wedge pattern in a downtrend which is one of the most difficult patterns to predict. After the Baht weakened from its last high at 39.60Thb (Oct-21) in a 5-month downtrend and before to bounce back just above the 61.8% Fibonacci level at 35.50 Thb, the price is consolidating and sketching Higher-Highs and Higher-Lows in an Uptrend Rising Wedge where a breakout (in 79% of cases, the exit is bearish) could occur at any time.