EUR/USD was consolidating during the 218-bar period and has formed a Triangle pattern on the 4H chart. The formation has 75% quality along with 59% magnitude.
The price recovered from $1.3002, then was capped at $1.3382, and slowed near present support around $1.3007/23. RSI indicator broke its critical area at 30% and bounced back to 37% value, which increase the possibility of the price recoil. If the price increases, the first target for long traders could be near $1.32173.
The pair has tried to break the support level around 1.3055/76, but has not succeeded yet. The present pair's bias is bullish, which decreases the possibility of support breakout. If the pair tries to breach the support level at 1.3075/76, the first target could be around 1.2956$