A slightly sloped symmetrical triangles pattern has formed on the EUR/USD weekly chart recently. The chart pattern has still some space before apex and thus the breakout will probably take some time. Symmetrical triangles usually serve as a continuation pattern, so a bullish breakout is quite probable. In this case a target near 1.5800 looks viable. Bearish breakout wouldn’t be a good trading signal here, unless some new pattern forms.
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