EUR/USD Shifts from a Rising Channel to a Triangle

Channel: The EUR/USD is coming off a bullish week where the pair rallied in a rising channel as seen in the 1H chart. After going above 70, the 1H RSI reading held above 40, showing intact bullish momentum in this time-frame. The momentum has now cooled off, but is not bearish yet. Triangle: Since…

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EUR/USD Shifts from a Rising Channel to a Triangle

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