Aurum Markets Blog Technical Analysis EURUSD approaching resistance of a Triangle

EURUSD approaching resistance of a Triangle

EURUSD approaching resistance of a Triangle post thumbnail image

An emerging Triangle has been detected on EURUSD on the 1 hour chart. There is a possible move towards 1.0428 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

Supported by RSI below 40

Target: 1.0428 Entry: 1.0397 Stop: 1.0354

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