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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: bulls broke away of the "Triangle"

Sergey Logachev

EUR/USD: bulls broke away of the "Triangle"

The main trend on the four-hour chart is a bullish one. There’s a consolidation in progress above the upper side of the current “Triangle” pattern. It’s likely that the flat is going to end during the day, so a resistance at 1.1459 might be reached soon. If a pullback forms, then a downward correction will have a chance to achieve a support at 1.1376.

EUR/USD: bulls broke away of the "Triangle"

The price reached a resistance at 1.1437 since a “Triangle” pattern has been broken. The market is likely going to get a support at 1.1376. If so, bulls will probably try to reach a resistance at 1.1460.

EUR
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