EURO Falling wedge

FX:EURUSD   Euro / U.S. Dollar
A similar situation seems to be happening on GBP/USD             , but on a larger scale. A nicely defined wedge pattern has formed here not too long after the downward breakout from the huge channel we were in. Big bearish move for EURO             . I expect this to breakout upward and the falling trend line just above 1.07 would be my initial target.
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