[EUR] Preparing the Adjustment

EUR/USD 4-hour chart, source: forexfactory.com

EUR/USD weekly chart, source: forexfactory.com

Contrary to my expectation, the price of currency pair EUR/USD rose last week and it keeps its uprising trend this week. Its price may face the adjustment and keep its trend in the short term, I think. It would be better enter the market with long bias after the adjustment. But the trend of the currency pair is still under the uncertainty in mid-term and long-term.

The explicit pattern in the weekly chart isn't shown yet, it has moved in the band since 2015. I thought the triangle pattern has been built in long time and the pattern would be broken by plunging price. But the price rebounded and the pattern is deformed to a rectangle. The price may move up and down in the band of some 1.06~1.16 and the explicit signal is watched after the upper or lower band is broken, I guess.