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EUR/USD breaking lower from triangle formation
EUR/USD is currently breaking through trendline support, within a triangle formation that has been in play over a week. This signals a potential breakdown in the current uptrend. However for it to come to fruition, we would need to see an hourly close below $1.1240. Should that occur, then a bearish view would come into play.
Until then, the uptrend remains in play, with an hourly close above $1.1285 providing the strongest indicator that we are set for another leg higher.