EUR/USD has been consolidating since March 26, forming a Triangle pattern on the 4H chart. The formation has 66% quality along with 40% magnitude in a 33-bar period.
The pair rebounded twice from the resistance at $1.3385 then at $1.3376, and formed the pattern. The pair's bias is neutral on the 4H and 1D timeframes, while on the one week chart it gives a "strong buy" signal. Both sides - bulls and bears do not show much activity now. If the price increases, long traders may focus their attention on the resistance level around $1.3369. If the price spikes this level, the forecast target might be $1.3412.
On the current timeframe MACD and CCI indicators give "Sell signals" but common bias stays neutral. If Euro depreciates versus Dollar, short traders could pay their attention to the support level around 1.3291. If the pair breaks the support, the possible target for bears might be around 1.3251