EURUSD, Daily
![EURUSDDaily.png](https://eu-images.contentstack.com/v3/assets/blt73dfd92ee49f59a6/blt49fcd317f086607e/669e2cd61d6a2b2007048213/EURUSDDaily.png)
On the Daily timeframe, EURUSD is forming the Wolfe Wave pattern within an ascending channel. The take profit target will be at the level on the line 1 – 4.
- If the price rebounds off the 1.0890 support, it may rise to the upper border of the channel and reach the 1.0950 level.
- However, if the asset breaches below the support, it may fall to the 1.0740 level.
- Further declines could push the price towards 1.0500.