EURUSD: Descending Wedge Formation Breakout Incoming!EUR/USDOANDA:EURUSDVincePrinceHello There, welcome to my new analysis about EURUSD on the 4-hour timeframe perspective. In recent times, I spotted interesting forex trading pairs that are likely to turn into great trading opportunities. One of them being EURUSD, the chart shows significant signs of trade potential. As when looking at my chart, we can watch there how EURUSD is completing the descending wedge with a breakout above the upper boundary. It has several supports in this structure. The lower boundary support, the 200-EMA marked in black, and the 800-EMA marked in green hold the trend to the upside. Once the breakout above the upper boundary emerged, as seen in my chart, the bullish target zones will be activated. An aggressive entry would be to enter directly. A conservative entry would be to await the breakout before entering. A trader's risk preferences determined the final entry scenario. In this manner, thank you a lot for watching! The support is highly appreciated. VP