EUR/USD H4 Analysis

Price is moving within a Rising Wedge which is often seen as a reversal pattern as price action gets squeezed into the apex of the triangle until it breaks lower.

Look for price to turn bearish, we may see this after forming a double top or after breaking the last swing high. There is divergence on the 4 hour MACD which suggests that the buying pressure is decreasing.

Targets would be the bottom of the wedge with extended targets lower if price breaks out.