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EUR/USD Technical analysis

Long
Euro / U.S. Dollar (FX:EURUSD)  
traderpulse  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis Falling Wedge priceaction usdweakness
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trendanalysis waveanalysis fallingwedge priceaction usdweakness
The falling wedge pattern which held the EUR/USD in the downtrend has been broken.
Also, the preceding bearish move was characterized with minimal corrective rallies.
Hence, this breakout will render a trend reversal, if at all a corrective rally, and move to the resistance at 1.3236.
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