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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I agree with your opinion!
@Karzon, Tx
Agreed with the idea on short however i don't personally think it will go up to 1.227, more like around 1.224 to retest the support line before bearish in my view. Nice layout chart :)
BullBearMkt MicWoodsFX
@MicWoodsFX, Thanks for the comments. You may be right about your observation, it might not get to 1.227 but considering this is weekend, there might be some gapup or gapdown.
MicWoodsFX BullBearMkt
@BullBearMkt, Yes agreed, Keep it up there the good work :)