EUR/USD: consolidation above the "Wedge"

EUR/USD: consolidation above the "Wedge"


The price is still consolidating above the "Wedge" pattern's lower side. However, the pair is likely going to continue falling down towards the nearest support at 1.1165 - 1.1108. If we see a pullback from this area, there'll be an opportunity to have another upward price movement in the direction of the next resistance at 1.1204 - 1.1232.


There's a "Double Top", which has been confirmed. Therefore, bears are likely going to reach the closest support at 1.1161 - 1.1137. Meanwhile, if we see a pullback from these levels, bulls will have an option to achieve resistance at 1.1194 - 1.1204.



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