EUR/USD Anlaysis


Let’s take a look at the EUR/USD daily chart.

You can see we’re in what looks to be a contracting triangle. So, look for the pair to move up to test the trendline and 1.4000 area and above. Once that move is over, then look for a move back down.

The further we contract in this contracting triangle, the larger and faster the breakout will be so be sure to use your stops and protect profits.

Good luck with trading.