FX.co ★ EURUSD M5: Bullish Symmetrical Triangle

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0699/1.0703 whereas the upper border goes across 1.0707/1.0703. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURUSD will breach the upper border to head for 1.0718.