FX:EURUSD Euro Fx/U.S. Dollar
FX:EURUSD : Price action in 2 hr time interval has breached first resistance trend line of 1.1210 and is within sight of 2nd resistance line of 1.1292. There are 2 converging trend lines : downward sloping & upward sloping forming a wedge formation. A converging trend line formation is a setup of either a strong directional move upward or downward. As such, price action must overtake next resistance barrier, otherwise a sharp pullback is imminent.