EUR/USD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A decline to almost a two-month low in the beginning of November was a starting point of the ascending triangle pattern formed by the most traded currency pair. At the moment of writing, the EUR/USD seemed to have breached the upper limit of the pattern; the breakout occurred very close to the triangle apex. Despite jumping above the upper boundary of the pattern, the pair does not show willingness to appreciate sharply, contradicting to the general tendency of the breakout from an ascending triangle pattern.
© Dukascopy Bank SA
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