EURUSD: Beginning of correction or growth again?

EURUSD, H4

On the H4, EURUSD formed a falling wedge pattern. Price is sandwiched between two strong levels, with %R coming out of the oversold zone.

• If the price breaks the upper trendline above FRAMA and 1.0810, it will start to rise to 1.0940;

• A break of the lower trendline below 1.0780 will start a global correction with a target to 1.0680;