EURUSD Daily Update: Bullish wedge breakout

The EURUSD pair is slowing breaking above a bullish wedge, with the RSI forming a hidden bullish divergence.

Daily candles are about to form a bullish Morning Star reversal pattern.

The overall trend since May has been up, with a potential fresh higher high to come.

The USD strength is clearly losing momentum and markets are still assessing the possibility of a Fed rate cut.