Greetings.
We’re just returning from our break and we’re working to get back into the saddle.
Let’s pull up the EUR/USD hourly chart.
The underlying trend remains potentially bullish and it seems like we may be forming a contracting Triangle (CT), something we said to watch for in one of our previous analysis.
Remember, CT are also called “Continuation” Triangles – once it completes, look for it to continue the previous trend – which in this case is up.
Good luck with trading and be sure to apply your money management.
