[EUR] Turbulence leaving the triangle trap

EUR/USD four-hour chart, source:KR Futures, MT4

The chart failed to show the explicit pattern after leaving triangle trap. The long term trend is not shown yet, we need to watch the market more.

One of the major currency pair, EUR/USD broke through the triangle pattern and raised its price last Thursday. It seems to break though upward making upward trend. It rose over 1.2400 and the futures item, M6EM18, E-micro EUR expired in June was over 1.2500.

But the price began to fall after it hit 1.2475 in FX-Margin, 1.2553 in futures market, CME. It tried to rebound but it falled again. It seems to fall more for a while.

It's not dangerous to predict the trend for now, especially long term. In weekly chart, the resistance line since 2008 is not tested yet, and in four-hour chart the price doesn't decided its trend after the triangle pattern yet. In one-hour chart, it seems to be clear that short-term upward trendline is collapsed.

I want to tell you the short position in short term and the long-term trend is uncertain yet.

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Gjallarhorn, Heimdallr, Euro, 걀라호른, 헤임달, 유로화