andrewlickley

EURUSD bounce or break scenario

FX:EURUSD   Euro / U.S. Dollar
EURUSD has broken out of its weekly/daily descending wedge and it is currently retesting the patter aswell as testing 1.1100 resistance for the 4th time this year. Price is showing plenty bearish momentum on monthly and weekly however some exhaustion can be seen on daily but no sign of a reversal yet.
Will price break through and head towards 1.0800 or will be see a bounce back for the Euro?
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