Market Instrument: EURUSD
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge
Prediction: Bullish
After a strong price drop for EURUSD price got back once again close to the lower boundary formed on the falling wedge. If the price manages to show up a reversal with a strong bullish pressure we will see a nice move ahead to the upside with a breakout on the upper boundary.
Timeframe: H4
Analysis: Technical
Structure: Falling Wedge
Prediction: Bullish
After a strong price drop for EURUSD price got back once again close to the lower boundary formed on the falling wedge. If the price manages to show up a reversal with a strong bullish pressure we will see a nice move ahead to the upside with a breakout on the upper boundary.