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Autochartist Forecast

EUR/USD Triangle Breakout

The EUR/USD rallied through resistance of the horizontal line of the Continuation Ascending Triangle.  The breakout was triggered as prices moved higher past 1.3633.  At the time the trade triggers by breaking the support or resistance it becomes a complete pattern. 

A Forecast Area is subsequently plotted projecting upside resistance or what could be considered a possible profit target.  The area is currently between 1.3680 and 1.3730.

daiy research image 1mar10.png

Source : communications@autochartist.com (Communications)
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1 March | 0 comments

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