In this weekly chart, we can see EURUSD price. Price is just above the weekly 61.8% Fib retracement support level, and holding there. Resistance zone is just below 51.8% Fib retracement level. The 50MA has crossed above the 200MA, which indicates bullish sentiment. The Ichimoku is green (bull) and price is above this. Scenario 1 (thin blue arrows): Trend lines above and below price indicate that a triangle/wedge may be forming. Validation of this would be break of support at 61.8% Fib retracement. Thus in short-term the price could be short, long-term however, bullish reversal is intact. The long-term picture would be invalidated if support zone at 1.06350 and below is pierced. Scenario 2 (bold blue arrows): Prices hold above and bounces off of 61.8% Fib retracement level, to challenge resistance zone at 1.23584 to 1.25149. Break above this would then mean price takes on 1.36853-1.3685. Keen to know what others think. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.