EURUSD is inside an Ascending Triangle and that keeps it neutral on the short term 4 hour chart. Above the resistance zone buying is limited to the long term rising channel. But below the Triangle there is a strong demand on the support zone around 1.0700. This is where the 4hour MA200 is headed.
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Very nice charting buddy. I like it. Now if you look at your wedge, you notice that it is ascending hence forming higher low. Higher lows and higher highs are a sign of a bullish trend. From my perspective and insight, the resistance above will break easy as it remained constant while the buy pressure from below has been increasing hence the higher lows.