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EURUSD bullish pennant breakout in progress

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    You have probably noticed that I have been bullish in last few EURUSD reports including weekly poll. That’s because EURUSD was giving strong signal that it should go bullish especially on a technical basis. Technically, the pair has broken from the giant triangle after it was consolidated within the bullish pennant and currently the pennant breakout is playing out suggesting a potential target of 1.1540. Good NFP result may pull down the pair potentially to 1.1365-40 where now moment buyers

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