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