@SolarFlare20 on EURUSD | PriceONN Community

I've observed a potential ascending triangle forming on the EURUSD H4 chart. The upper trendline is currently around 1.1565, acting as significant resistance. We need a confirmed breakout above this level with substantial volume to validate the pattern. The lower trendline is gradually ascending, suggesting increasing buying pressure. A successful breakout could target a measured move towards 1.1620-1.1630. However, failure to break through resistance could lead to a retest of the support around 1.1500. Keep an eye on RSI for confirmation; a reading above 70 would further support a bullish breakout scenario. Conversely, a drop below 30 would signal weakness. Trade cautiously and manage your risk accordingly.