EurUsd- Very steep falling wedge, short squeeze can follow

The trend for eurusd is undoubtedly short, however, starting with the first drop under parity in mid-July, the pair lacks real continuation to the downside and lows are marginal with the yesterday's one being a false break under support.
Looking at the chart we can see that the falling wedge pattern is very steep and a short squeeze at this moment is highly probable
A new rise above parity can activate a lot of stop losses and the pair can accelerate to the upside
The target for the falling wedge pattern is 1.03 and interim resistance is at 1.01