EUR/USD forms Symmetrical Triangle - Continuation in sight?

9 Nis 2018

My recent trade on this pair performs quite well and is around 75 pips in profit as of this moment. The Friday's outside candlestick (engulfing pattern) is another confirmation for an potential upmove, and the recent swing low served as a basis for a symmetrical triangle. Symmetrical triangles usually mean continuation, but the pair has first to break its 1.22 - 1.25 range which is active since January. With ECB meetings scheduled later this week, we could see some nice movements in this pair, so stay tuned.