EUR/USD 1H Chart: Ascending Triangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/USD has been vacillating within the ascending triangle pattern formed in mid-November. The pair attempted to breach the pattern's trend lines for two times; however, the attempts did not prove to be successful. At the moment of writing, the most traded currency pair was faltering not far away from the triangle apex, suggesting that the breakout is looming. Market players are divided on the pair's prospects, being bullish in 51.06% of cases. Technical indicators provide clearer idea on potential pair's moves, pointing to a possible appreciation in the short-to-long terms.
© Dukascopy Bank SA
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