EUR/USD picks up bids to 1.1775, consolidating the pullback from 100-SMA, during Friday’s Asian session. In doing so, the major currency pair bounces off a short-term support line inside a one-month-old falling wedge bullish chart pattern on the four-hour (4H) play. Given the firmer Momentum line and the pair’s repeated failures to break immediate support, EUR/USD is likely o mark another battle with the 100-SMA level of 1.1825. During the rise, the 1.1800 threshold and an upper line of a falling wedge, near 1.1810, will act as intermediate halts. However, a clear upside break of 1.1825 will act as a trend reversal ... (full story)