EUR/USD holding the weekly edge of falling wedge (13th April, 2022)

Attached chart is EUR/USD weekly, has been working in falling wedge for months and near the weekly supports of 1.07850, falling wedge near supports is the increased probability of bounce in the pair may be coming soon. With ECB interest rate decision nearing & expecting the hawkish tone from ECB & chances of Q3 rate hike are increasing. On the other side we posted DXY weekly & daily chart some days ago which suggests the resistance is near 100.660, Dxy may cool down till 95.400-97.00 levels resulting euro to go up.

We are buying the EUR/USD pair @1.08280 for the target of 1.13000.

we will add some if in case of panic sell between 1.07200-1.06300.