EURUSD EDGES CLOSER TO TRIANGLE BREAK
The euro continues to drift lower against the US dollar, with the greenback gaining ground against most major currencies after Wednesday FOMC meeting. The EURUSD pair is also slipping closer to lower-end of the large symmetrical triangle pattern that price is currently trapped within. Sellers will try to break below the 1.1610 support level, while buyers need to break the 1.1724 resistance level.
The EURUSD pair is only bearish while trading below the 1.1650 level, key support is found at the 1.1610 and 1.1550 levels.
If the EURUSD pair trades above the 1.1680 level, key technical resistance is found at the 1.1724 and 1.1790 levels.