EURUSD Intermediate Bearish Wedge Lower Channel Is Violated!

OANDA:EURUSD   Euro / U.S. Dollar
The rising trendline on H4 that has been keep EURUSD in upward momentum has been broken with the last trading four hours ended in a rejection candle. The pair is expected to make a rally up (possibly towards bearish order candle at 1.22754 level). Any price rejection here could drag EURUSD further down to the long term trendline. However, a close above 1.23653 will indicate resumption upward momentum.

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