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EURUSD: Rising triangle

EURUSD, H4

On the H4, EURUSD formed a rising triangle pattern, and the price reached the upper boundary. The AO confirms the growing bullish sentiment, but the Stochastic indicates the possibility of a decline.

  • A break above 1.0520 will open the way to 1.0600;
  • A rebound from the upper boundary will drop EURUSD to the lower trendline towards 1.0410;

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