FX.co ★ EURUSD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1597/1.1607, while its upper boundary passes through 1.1614/1.1607. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURUSD is expected to break the upper boundary and move toward 1.1622.