The EUR/USD rose on the ECB news that it might be ending its bond-buying program before the forecasted end in March 2018, it's possible that this may be the start of a new impulse up but it's best to wait for confirmation since we also have the NFP on friday...
We didn't quite make it back to the horizontal support again (triangle E) but this is not exact science of course...
Currently the price is retracing down so we might still complete it...
Breakout traders may want to get ready to go long though if we break out of the triangle (confirmed break above 1.1280 is preferred)...
We didn't quite make it back to the horizontal support again (triangle E) but this is not exact science of course...
Currently the price is retracing down so we might still complete it...
Breakout traders may want to get ready to go long though if we break out of the triangle (confirmed break above 1.1280 is preferred)...