The EURUSD is experiencing a bullish breakout through resistance in a rising wedge pattern. The target is set at 1.0889.

The trading configuration was detected on the EURUSD pair. On March 6, 2024, at 6 AM, the EURUSD price breached the resistance line of a Rising Wedge pattern. This could potentially indicate a bullish price trend over the next 20 hours, possibly reaching 1.0889.

However, the pattern’s overall visual representation is not very clear. The breakout through the resistance was notably feeble. It might be advisable to wait for additional confirmation of this breakout before initiating a position.