EUR/USD 1H Chart: Triangle

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The most traded currency couple has been forming a triangle pattern since April 9, the time when EUR/USD was on the rise after a plunge to a two-month low of 1.3673 in the very beginning of April.
At the moment, the currency couple is on the brink of a bullish breakout as it has already surpassed the upper boundary of the triangle. If the pair manages to consolidate above this formidable resistance, we may expect an accelerating advancement before long. This is further supported by the SWFX numbers, indicating that almost 60% of all orders are placed to buy the pair.
© Dukascopy Bank SA
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