EURUSD Analysis Week of August 14, 2016

FX:EURUSD   Euro / US-Dollar
233 0 12
On the daily chart , there is a nice falling wedge which is forming. May seem not ready to execute so price is bearish with resistance as confluence.

On the 4H chart, there is a nice ABC formation in form of a symmetrical triangle. Price may very well reach the support this week.