EUR/USD rallying towards wedge top
EUR/USD has been regaining ground over the last 24-hour period, with the price breaking higher off the back of a fake-out below $1.1689.
Crucially we are now seeing a falling wedge in play, which could allude to a break higher from here. In any case, we would need to see an hourly close above $1.1790 to bring a more bullish short-term view. Until then, there is a good chance we could see another move lower from here.