The EurUsd has managed to remain in the green for the last three days. It remains unable to cross the area formed by its EMAs, and the 1.12375 level, the triangle's invalidation level. Unless the Parity breaches the 1.12375 level the triangle figure remains up-to-date and the previous bullish market can still be considered as the triangle's signal.
In case the 1.12375 level is breached, and the parity closes above that level today, the Triangle will be rendered obsolete, and the rally will have 1.13171 as an objective.
If the Parity fails to break that level it will go back to retest 1.11526, its yesterday's support level. Cutting through it will reduce the chances of the pursuit of the bullish trend, which will open the way to fulfill the triangle objective at 1.0994, with 1.10958 as a primary objective.
At the opening, the EurUsd was trading above 1.11946, its daily Pivot Point. The parity's daily support levels are arround 1.11598 and 1.11177. Its daily resistance levels are around 1.12367 and 1.12715.
In case the 1.12375 level is breached, and the parity closes above that level today, the Triangle will be rendered obsolete, and the rally will have 1.13171 as an objective.
If the Parity fails to break that level it will go back to retest 1.11526, its yesterday's support level. Cutting through it will reduce the chances of the pursuit of the bullish trend, which will open the way to fulfill the triangle objective at 1.0994, with 1.10958 as a primary objective.
At the opening, the EurUsd was trading above 1.11946, its daily Pivot Point. The parity's daily support levels are arround 1.11598 and 1.11177. Its daily resistance levels are around 1.12367 and 1.12715.
