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I mentioned a daily triangle in this pair a week ago and now price is going up and down at the beneath bond of this triangle which is around 81.30 price level.

Now let’s zoom into the H4 chart as we have got a Bullish Bat formation there:

And the best entry point for going long would be a break above the hourly trendline which can be seen in the figure below:

USD Weakness is really clear to everybody so keep it tight and if price went below the beneath bond of the triangle then 81.00 and 80.23 could be reached soon and a break below these previous lows will force the pair to make new yearly fresh lows.

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Price is still in a tight range between 82.00 and 83.50 and despite of that, sentiment is still bullish and upward pressure on this pair is very big. Price has finally made a low at 80.23 and now is trading blow 83.00 level.
We have got a daily symmetrical triangle which you can see in the chart below:

And I expect a break of the upper bond will occur soon and price could sharply go up and reach around 89.00 level in the next weeks. 83.00 is a short term resistant now and also after break of this level watch important 84.50 as the next resistant level.

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Single currency is still in the triangle I’ve mentioned almost a week ago and I’m looking for a possible bounce around 1.3300 to go short or maybe a breakout to the upside from there.

1.3300 is now the upper bond of the symmetrical triangle and also 200sma, so it’s an important level to watch.
Price is almost near at the apex of the triangle indicating a possible breakout is close. Last upside move in this pair is showing this breakout might be to the north but I don’t want to predict the market, so I will wait for a breakout to the upside or a possible bounce off the upper bond and then a breakout to the downside.
If I saw a bearish H4 candle which was rejected from 1.3300 then I will be a seller at that point ...

I mentioned a daily trendline plus daily 200 simple moving average 5 days ago and price nicely behaved to those support levels and is going to the north now.
We have got a possible daily triangle setup and which show price would reach around 1.3320:

In the four hour chart we can see that upper bond of the triangle and 200sma shows 1.3320 together and this will add more power to this resistant zone:

So if you went long for the daily trendline play then you should close your positions at around 1.3310 and at that level I will look for a possible bounce and after a four hour bearish candle we should go short.
Any breaks of that triangle setup would be an indication of an explosion so breakout traders ...