EURUSD Looks "Bullish"! Triangle Breakout Pending Confirmation

Triangle Pattern Formation.

8 August 2024 - Positive Data from Unemployment Claims = USD Gained.

As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.

Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.

Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885

Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
Chart PatternsEURUSDeurusdlongTechnical IndicatorsTrend Analysistriangleformation

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