EURUSD was identified at around 1.05929 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0647 level.
Important resistance line being approached by EURUSD. This price has been tested numerous time in the last 18 days
