EUR/USD - 3 POSSIBLE ROUTES | MID-TERM TREND OUTLOOK

EUR/USD looking at 3 possible routes for the mid-term.

• Falling wedge break-out to the upside after breaking key resistance level
  
• Falling wedge break-out to the upside after bouncing off lower support level
  
• Falling wedge invalidation and continuation to the downside to the next major support level(s)
  

VERDICT: I believe that EUR/USD will be rejected by this key level and the moving average. I will continue to observe the falling wedge and see if it plays out.