EURUSDEuro/US DollarFX:EURUSDerickokim20This is a EUR/USD 4-hour chart showing a descending triangle / wedge structure. Upper trendline (resistance): Sloping downwards, connecting lower highs. Lower trendline (support): Flat around 1.1450, acting as a major demand zone. Current price: 1.1666, sitting just below the mid-structure. The chart presents two possible scenarios: 1. Bullish breakout – If price breaks above the descending resistance line, the next upside target is 1.1829, which aligns with the previous swing high. 2. Bearish rejection – If price fails at the resistance and breaks the ascending support, it could drop sharply back to 1.1450 support, possibly even spiking lower into the extended support zone before bouncing. This is basically a consolidation inside a wedge with the market coiling tighter. The breakout direction will likely set the next medium-term trend. 👉 In short: The market is trapped between a falling resistance and horizontal support. A breakout either way will create a big move.