The EUR/USD pair is trading deep in its resistance zone on a 30 minute time frame. This resistance zone may not be able to hold as the price has gone really deep in this zone which means that there is not enough selling pressure as this zone and the bulls could still drive the price up. The ascending triangle pattern has broken to the upside as predicted in our analysis yesterday.
The RSI is trading in line with the price action which means that the bias could be towards the upside. The pair is also trading below the 50-day (shown in green) but above 100-day (shown in yellow) moving averages which means bulls are still in control