The green support line has been tested for five times.
Get ready if it's about to do the same for the sixth time.
The resistance is the red line of course.
If the green line is broken by any means, that's a triangle breakout and it's just another story...
A symmetrical triangle (green lines) is forming and now EUR/USD is on the bottom support line.
Also, 1.5800 area (red dashed line) is a good historical support line within the past year.
RSI is highly oversold and formed a hidden bullish divergence (blue dashed line).
ROC is on it's support level.
Let's see if the ...
Dollar index will fall based on many technical evidences :
1- hitting to reliable resistance area of 12200
2- Divergence with many indicators such as RSI, ROC, CCI and ...
3- harmonic (imperfect) bearish Gartley pattern
first support seems to be 12120 area, and if it gets serious it might drop down to 12000.
It crossed over a declining mid/long term trend line.
Somehow breakout is confirmed. it surpassed more than 3% of the breakout point and also more than 1.5 ATR.
Now it's overbought is correcting.
a Throwback (Pullback) is highly expected to the previous amber trendline.
Fibonacci ratios are also acting reliably.