Sun, Oct 24, 2021 @ 01:11 GMT
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EURUSD Pause At Triangle Resistance

The euro continues to test towards the 1.1700 level against the US dollar, with price currently capped by key trendline resistance from a well-defined triangle pattern. EURUSD buyers will likely test towards the 1.1750 if they breach key trendline resistance, while sellers may test towards the 1.1650 area if rejected from current levels.

The EURUSD pair is strongly bullish while trading above the 1.1700 level, key resistance is found at the 1.1750 and 1.1800 levels.

If the EURUSD pair fails at current levels, sellers will likely target the 1.1681 and 1.1650 support levels.

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