EUR/USD is forming a raising wedge which could potentially stop this bullish trend and reverse @ around 1.070 ~ 1.072
Another possibility is that it will continue to go up on this bull pitchfork and then reverse at the Bear cypher pattern at around 1.0755~1.0795 range. I'm giving this a big range because it's a fuzzy cypher shape and not a perfect by the books Cypher pattern.
Another possibility here is that EUR/USD will return into the bear channel and come back down to 1.0625
I think the raising wedge possibility is the highest, this will stop it from forming the bear cypher and return back into the bear channel. However, if the wedge doesn't fall then it has a possibility to go to the bear cypher shape, then fall back down to 1.0617 area.
Cherrio
Another possibility is that it will continue to go up on this bull pitchfork and then reverse at the Bear cypher pattern at around 1.0755~1.0795 range. I'm giving this a big range because it's a fuzzy cypher shape and not a perfect by the books Cypher pattern.
Another possibility here is that EUR/USD will return into the bear channel and come back down to 1.0625
I think the raising wedge possibility is the highest, this will stop it from forming the bear cypher and return back into the bear channel. However, if the wedge doesn't fall then it has a possibility to go to the bear cypher shape, then fall back down to 1.0617 area.
Cherrio