FX.co ★ How to trade EUR/USD after exit from triangle pattern

EUR/USD Downside Pressure!

The EUR/USD pair is trading somehow sideways in the short term. It's traded at 1.1290 level at the time of writing. Escaping from this pattern could bring great opportunities and a clear direction.

The currency pair was into a strong downside movement, so this formation could represent a continuation pattern of the price makes a downside breakout. On the other hand, staying above the uptrend line and making an upside breakout could announce a new swing higher.

EUR/USD Trading Conclusion!

Dropping below 1.1238 former low could activate a downside movement and could bring new selling opportunites. Jumping and stabilizing above the 1.1366 high could announce an upwards movement.