EUR/USD revealed ascending triangle pattern

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs46%45%2.0%
Shorts54%55%-1.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

On Tuesday, the EUR/USD currency pair revealed an ascending triangle pattern.

From a theoretical point of view, it is likely that the exchange rate could continue to trade downwards within the predetermined pattern within the following trading session.

Meanwhile, note that the rate could gain support from the 55– and 100-hour SMAs in the 1.1860 area. Thus, the pair could break the upper pattern line at 1.1900 and try to exceed the weekly R1 at 1.1926.

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