EURUSD: Is it Really Growing?

EURUSD, H4

On the H4, EURUSD has formed a falling wedge pattern. The price is actively testing the upper trendline and MA50. At the same time, MACD indicates the possibility of growth.

• We consider buying EURUSD only if the trend line and MA50 are broken and consolidation above 1.1340 with a target to 1.1430 and further to 1.1540;