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EURUSD: Waiting for triangle breakout | February 9, 2017



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Eurusd has formed triangle on H1 time frame. We can wait for breakout of this triangle for next trend of this pair. In the upper side, 1.0710 is resistance, if it breaks, then more bullish can be expected. On the lower side, 1.0670 is support level of triangle. So need to clear breakout before getting clear trend.

Now market sentiment is neutral before breakout. We can see next support level lies at 1.0640 level, then 1.0590 level. Breakout of 1.0710 level, we can expect more bullish movement on this pair.


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