Market Instrument: EURUSD
Timeframe: Daily
Analysis: Technical
Structure: Ascending Triangle and Trend Breakout
Prediction: Bullish
EURUSD has formed a beautiful ascending triangle below and the resistance formed on the following triangle pattern is killing the bullish pressure. Here we are required to confirm a breakout on the resistance formed and an additional breakout on the trend line will be bringing a huge wave up for the EU. A clear breakout can push the prices close or above 1.16
Timeframe: Daily
Analysis: Technical
Structure: Ascending Triangle and Trend Breakout
Prediction: Bullish
EURUSD has formed a beautiful ascending triangle below and the resistance formed on the following triangle pattern is killing the bullish pressure. Here we are required to confirm a breakout on the resistance formed and an additional breakout on the trend line will be bringing a huge wave up for the EU. A clear breakout can push the prices close or above 1.16
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.