Triangle on the EUR/USD. The EUR/USD consolidates around the 1.1350 level as shown on the daily chart, forming what it appears to be a symmetrical triangle. The pattern is formed by two converging trendlines, one bullish and the other one bearish. A breakout of the triangle should accelerate the pair’s momentum in direction of the breakout. A bullish breakout should be confirmed above the 55 day EMA at the 1.1419 level, but it would be better to confirm it with a breakout above the 1.1500 level. Above the 1.1500 level, its next resistance could be the 200 day EMA at the 1.1610 level. To the downside, if the price breaks below the triangle and below the 1.1300 level, its next support could be the 1.1200 level.