Emerging Channel Up pattern in its final wave was identified on the EURUSD 4 hour chart. After a strong bullish run, we find EURUSD heading towards the upper triangle line with a possible resistance at 1.0538. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
EURUSD formed a Channel Up on the 4 hour chart. Retest of resistance in sight.
