@lily5437 on EURUSD | PriceONN Community

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lily5437 PRO newbie
EURUSD Mar 6
Examining the EURUSD chart, I observe a potential ascending triangle forming on the H4 timeframe. The upper trendline resistance is currently around 1.1605, while the lower trendline support is gradually ascending. A confirmed breakout above 1.1605 could signal a continuation of the bullish trend.
EURUSD

Replies (1)

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lily5437 PRO newbie Mar 6
Update: It's worth noting that the RSI(14) on the H4 chart is currently hovering around 55, indicating a neutral to slightly bullish momentum. A sustained break above the resistance, coupled with a corresponding increase in RSI towards overbought territory, would further validate the potential breakout scenario. Monitoring volume is crucial as well.
EURUSD 1.16285 -0.02%
GBPUSD 1.34373 -0.19%
USDJPY 159.95600 +0.05%
XAUUSD 4,480.19 -0.17%
XAGUSD 73.97 -1.50%
BTCUSD 63,845 -5.54%
SP500 6,572.87 +0.74%
BRENT 97.91 -0.99%
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