updated 4 hour EUR/USD chart below. so far, just a re-test of recent rising wedge. watching to see if the EUR/USD will turn back down now and continue on towards the targets (T1 & T2) for the recent wedge breakdown. if the EUR/USD moves back up much above the recent high (re-test point) then the odds of those downside targets being hit will be reduced quite a bit. however, it still has to contend with the blue up-sloping resistance line (possible neckline) that i recent posted on the daily chart. as of now, i still believe the odds favor another leg down in the EUR/USD.
