EURUSD is carving a clear šŗ triangle pattern on the hourly chart, bounded by a descending resistance trendline and a stable horizontal floor. Recent price action shows a consistent series of higher lows, reflecting a bullish underlying bias as the pair consolidates within this narrowing range.
ā” Compression is reaching a critical decision point near 1.1215. A decisive break above the overhead trendline serves as the required bullish confirmation, whereas a failure to hold the horizontal base acts as the ā ļø invalidation. Expect an upside breakout towards 1.1250 upon clearance.
š Key Levels
š§ Resistance: 1.1250
š”ļø Support: 1.1185
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