EUR/USD approached 2014 low

EUR/USD is approaching a decision-making point inside the triangle pattern, as it has neared the 2014 low around 1.2350 and has almost fully filled the pattern. We expect a break-out at the end of this or in the beginning of the next week. However, the pair is currently limited from both sides by major obstacles, including triangle's boundaries, weekly and monthly pivot points. Meanwhile, weekly technical studies expect the break-out to happen to the south.