FX.co ★ EUR/USD to rise higher

EUR/USD minor triangle

EUR/USD continues to move sideways between 1.1366 upside obstacle and 1.1238 downside obstacle. The price movement developed a small triangle inside of the range pattern. Personally, I'll wait for the price to escape from both chart formations before opening long or short positions.

EUR/USD outlook

Stabilizing above 1.1366 could indicate an important uptrend. This scenario could bring buying opportunities. On the other hand, dropping below the 1.1238 could trigger a larger downside movement. It could bring a new selling opportunity.