the daily chartist

Euro lands on triangle support

published 2 years ago

 As USD is strong today, the Euro landed on the bottom line of the triangle and finds some demand there as the price is bouncing now, moving 35 pips away from the line. Tensions are still piling up as the triangle is still not breached in any of the directions. Sentiment, Fundamentals, and Technicals are in a support for the USD which may be the catalyst for the triangle to quickly turn into a Bearish one.