EUR/USD is forming a falling wedge formation which indicates there's a chance of price breakout to upside. At this point, price is trading below 200 MA & between 50% & 61.8% Fib retracement levels on the weekly chart.
Close above resistant and 50% fib will conform more upwards movement to test 1.180 - 1.20 price range.
Alt. close below 61.8% and support line will initiate further downward movement towards 1.087 price range.
Close above resistant and 50% fib will conform more upwards movement to test 1.180 - 1.20 price range.
Alt. close below 61.8% and support line will initiate further downward movement towards 1.087 price range.