EUR/USD revealed symmetrical triangle pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs40%41%-0.9%
Shorts60%59%0.6%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuySell
Aggregate

The EUR/USD currency pair has revealed a symmetrical triangle pattern.

From a theoretical point of view, it is likely that the exchange rate could reverse north from the lower pattern line circa 1.1810. The rate could re-test the upper pattern line located circa the 1.1855 mark.

Meanwhile, note that the currency pair is pressured by the 55– and 100-hour SMAs in the 1.1830. Thus, a breakout south could occur, and the pair could re-test the support level—the monthly PP at 1.1782.

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