EURUSD is close to the end of its correction

EURUSD is consolidating in a wedge. The trend is bullish, with the correction reaching the 0.7 Fibonacci zone and making a false breakout, which generally changes the market imbalance.

All attention is on the wedge resistance (red line) and the 1.17000 level. A breakout of the resistance and consolidation of the price above this level will confirm the end of the correction and send the price higher.