In my opinion bullish
scenario is more probably since US rate hike was postponed to mid-September at least, but we had already 5 swings inside the big wedge
. 1.1170, 1.1400/10 and 1.1530 are now crucial levels to watch for taking long positions on retest of broken levels. If price breaks 1.0980 first (3 days price closes below or retest of broken level then down) it's a bearish
signal. Break of any level mentioned above should be treated as bullish
signal. Just my opinion, trade at your own risk following Money Management rules. In summary, I'm bullish
on EUR but will sell E/U before September FOMC decision and hold for long term profit.