The EUR/USD has passed the lower trend line of the ascending pattern. Although it occurred after reaching the 1.1400 mark for a third time, as expected. Moreover, the pair reached above it to the 1.1420 level.
On Friday, the rate was squeezed in between the technical levels that were providing resistance at 1.1380 and the support levels at 1.1365 and 1.1355. In addition, the 100-hour SMA was crossing the hourly candles at 1.1373.
In general, watch the pair closely, as passing the resistance at 1.1380 or the support at 1.1350 would signal a larger move up or down.
