EURUSD on the 10H is forming a rising wedge pattern which typically signals a bearish reversal the structure is clearly impulsive to the upside completing five Elliott Waves and showing internal corrections with a clear abc retracement in between price has recently completed wave five at the top of the wedge suggesting exhaustion in bullish momentum fundamentally the Euro faces pressure due to weaker economic data and ongoing divergence with the Federal Reserve's hawkish stance which supports the US Dollar a breakdown below the wedge support will confirm the bearish scenario and open the door for a deeper corrective wave c targeting the previous support zone around the 61% level.