EUR/USD – H4 – Falling Wedge Breakout PatternEuro vs. US DollarFX:EURUSDKABHI_TA_TRADING🧠 Setup Overview EUR/USD is forming a well-defined falling wedge pattern on the 4-hour (H4) timeframe following a prolonged bearish move. Buyers have defended the key support zone between 1.1120 and 1.1105, creating an opportunity for a potential bullish reversal. However, price remains below both the descending trendline resistance and the Ichimoku cloud. The bullish structure requires a decisive H4 candle close above wedge resistance, followed by a successful retest, to confirm the breakout. A confirmed breakout would bring 1.1285 into focus as the first resistance target, followed by 1.1340. Until confirmation occurs, the broader bearish trend remains relevant. 📈 Trading Plan 🟢 Bullish Scenario A decisive H4 candle close above descending trendline resistance, followed by a successful retest, would confirm the falling wedge breakout. Once buyers establish control above the trendline, the first upside objective is 1.1285. A sustained move above this level could open the way towards the second target at 1.1340. Softer US economic data, easing Treasury yields, and weakening US Dollar momentum could provide additional support for the bullish scenario. Falling oil prices may also offer some relief from the Eurozone's energy-cost pressures. However, the interest-rate differential between the Federal Reserve (Fed) and the European Central Bank (ECB) remains a fundamental headwind for the Euro. 🔴 Bearish Scenario A rejection at descending trendline resistance would keep the bearish structure intact and leave the current recovery vulnerable. A decisive H4 close below 1.1105 would invalidate the immediate bullish wedge setup and signal renewed seller control. 🎯 Key Technical Levels 🟢 First Resistance: 1.1285 🟢 Second Resistance: 1.1340 🔴 Major Support Zone: 1.1120–1.1105 🔻 Bullish Setup Invalidation: Below 1.1105 📊 Pattern to Watch: H4 Falling Wedge → Bullish Breakout Confirmation → Resistance Retest 🌍 Key Fundamental Drivers 1. Easing Oil Prices: May provide mild support for the Euro by reducing energy-cost pressures. 2. ECB Inflation Concerns: Signals from the ECB regarding inflation could offer potential support for the Euro. 3. Range-bound US Dollar: The Dollar remains rangebound ahead of the US midterm elections. #EURUSD #Forex #TradingView #PriceAction #ECB #FederalReserve #USDollar ⚠️ DISCLAIMER: This analysis is for educational purposes only and is not financial advice. Forex and commodity markets carry inherent risks. Please manage your risk carefully and use appropriate stop-loss orders. 💬 Support My Work ❤️ If you find this chart helpful, please BOOST 🚀, COMMENT 💭, and FOLLOW 🔔 to stay up to date with daily forex setups and price-action insights!