EUR/USD- Forming a bullish pattern, Will you trade?
The EUR/USD pair has formed a symmetrical triangle pattern on a 30 minute time frame. If this pattern does break out towards the upside it could easily push the price towards the yellow rectangle shown on the chart. Historically speaking, symmetrical triangles do break towards the upside in a downward trend. However, if this does break towards the downside, then the price could go towards the pink rectangle shown on the chart.
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