EURUSD – BACK IN THE WEDGE
Price is back in the wedge pattern and it is on the support level. H4 chart closing price tells us that the price is gone down enough to make a test move back in the previous range area .
This could happen if price reverse back to the previous confluence level at 1.09371 and from there make a bearish price action signal .
On the daily chart we can see that the price have closed below previous bearish candle lows which suggest that the price could go more down.
Because of long price drop we could see pullback before trying moving more down.