This week's daily EUR/USD price action shows a rising wedge formation, following the strengthening of the dollar following the NFP. In this case, if the candle closes above wedge resistance, the pattern is invalidated. The trading range for this month will be between 1.0337 and 1.0719. Besides this wedge pattern, there is still more upward movement to come this month.

Resistance levels:

  • 1.0719
  • 1.0791

Support levels:

  • 1.0337
  • 1.0223