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Eurusd analysis: rising wedge pattern

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Eurusd now trading at 1.0744 is now showcasing a rising wedge bearish pattern, the major resistance point of 1.0755-1.0765 can become a potential reversal point.

the current economical crisis happening in Europe along with major financial scenario of petrodollar issue can make euro crumble a bit comparing to us dollar.

we expect a bearish fall till 1.0720 and further down can go till 1.0680 area.

Alternative scenario.
a break above resistance point of 1.0770 can further enhance the upward correction of eurusd.

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交易结束:到达目标
target hit and analysis was perfect.

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