EURUSD (1.1686): The EURUSD currency pair’s gains were capped near the minor rising trend line. The common currency rose to a fresh monthly high before easing back. The consolidation over the week has resulted in a rising wedge pattern. A breakout from this pattern on the 4-hour chart could signal the EURUSD likely to fall back to the 1.1610 level of support. To the upside, price action will need to breakout above 1.1730 in order to signal further gains to the upside.
