EUR/USD Weekly Outlook

As we can see, this pair is in a downtrend after forming a head and shoulders pattern, breaking that ascending trend line. We can also see a descending wedge, indicating a potential bullish outbreak. Price made a morning star candlestick reversal pattern at an area of demand. We could see a breakout to the upside, a rejection from the .618 + area of supply, and a retest of the wedge.