Home Forex Market Analysis Forex Signals EUR/USD Violates Ascending Triangle Pattern – Bullish Signal In Play! 

EUR/USD Violates Ascending Triangle Pattern – Bullish Signal In Play! 

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The EUR/USD bullish bias continues to dominate the market as it’s trading at 1.2225. On the higher side, the EUR/USD may target the 1.2250 level and 1.2282 resistance areas. The direct currency pair may find support at 1.2175, which is extended by a double top resistance, which now is working as a support. The MACD and RSI are supporting bullish bias along with the 50 periods EMA. We can expect a continuation of a bullish trend in the EUR/USD today.


Entry Price – Buy 1.22338

Stop Loss – 1.21938

Take Profit – 1.22738

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

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