EUR/USD Trending Patterns on Multiple Timeframes

The mark up cycle on the EUR/USD is taking place on both the 60 and 240 minute timeframes.  On the 240 minute chart a Continuation Rising Wedge chart pattern has broken up through the green resistance line.  Trading is proceeding beneath the Forecast area (F).  Keep in mind that prices are trading at the 1.5000 key level and that the trend (T) is slowing.

The 60 minute chart reflects where the stall in the trend (T) is occurring and is triggering a reversal.  The blue support line (S) of the Continuation Rising Wedge on this timeframe has been pierced.  If prices can maintain resistance below the 1.5000 level the trend line break could follow-through.

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