EURUSD breaks symmetrical triangle to the upside on strong

Germany reported a better than expected industrial production rise: 1.2% instead of +0.1%.

This sends EURUSD above the narrowing triangle to 1.3140. 1.3169 is resistance. Update: the pair then extended its gain and broke above the post-NFP high of 1.3160 and is now trading at 1.3070. The next level is 1.32.

For more on the euro, see the EURUSD forecast.

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile

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