_20140815052550.png "EUR/USD: 1-hour")
EUR/USD: 1-hour
Still can’t up your mind, EUR/USD? The pair has been forming higher lows and lower highs, creating a symmetrical triangle chart pattern on its 1-hour forex chart. Price appears to be testing the triangle support at the moment, with a potential downside break likely to indicate the start of a downtrend. Take note that the chart pattern is more than a hundred pips in height, which means that the drop could be of the same size. On the other hand, a bounce could take price back up to the triangle resistance, as stochastic has already reached the overbought area.
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