Sasha Singh
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EURUSD : Testing Key Resistance At 1.3765

EURUSD is currently trading in an ascending triangle pattern on a 4 hour time frame. The pair is consolidating between the two trend lines if the triangle and currently near the apex giving a bullish signal. The bullish signal is strong and can be seen through other indicators as well. 50 day and 100 day SMA both are below the price and 50 day SMA seems like acting as a support for the pair. From the stochastic oscillator the signal line (Red dotted) have just crossed the moving average line (Blue solid line) to move in the upward direction. Thus the pair may breakout from the resistance level and continue to follow uptrend.