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EURUSD H1 Chart Analysis & Idea

GLOBALPRIME:EURUSD   Euro / U.S. Dollar
As the EURUSD resets for the next trading week, price closes at 1.1795, inside a contraction level zone around 1.182/1.178, nearest demand zone around 1.172/1.168, nearest supply zone around 1.188/1.192, with weekly close reset trading range between 1.19 & 1.17, these are the areas of interest in this chart as of the week close. For price action, there's this wedge-like structure forming up on the hourly, and on the zoomed-out 4-hourly there's a established descending parallel channel getting escaped to the upside, maybe some more downside is possible, but only to grab liquidity further down and then move for higher prices, as this market finds a demand imbalance.

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