EURUSD Ascending Triangle Formation

EURUSD price action: Consolidation bellow resistance 1.11730. EURUSD was farmed ascending triangle formation between resistance level and support trend line. Price action bellow EMA 200,100 and 50 periods. Potential upward target 1.12667 after consolidation.
Volume: decreased.
Indicators: MACD bullish crossover above zero line, RSI above 50 points. Bullish sign.
Patterns: Consolidation bellow resistance, Ascending Triangle Formation.
S/R: Major Support 1.10200, Support 1.0800, Resistance 1.11730, Major Resistance 1.12667.

Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.

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