The EUR/USD pair continues to trade within the triangle pattern. It seems that the pair will find resistance at 1.3110 as the fractal is daily. On the other hand, if there is a break of the upper triangle line, the way will be free. Thus, the pair can quickly reach the next fractal of 1.3245.
If you look at the chart, the pair has remained within this pattern for several days; it is ranging within. We need confirmation in order to buy above the psychological level of 1.30. If the pair closes today above the 1.3005 fractal we can buy when it takes a break towards the supports.
Our outlook remains bullish for this pair over 1.2750. In the medium term the quote is expected to be in the range 1.3250 to 1.35.
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