The EUR/USD currency pair could not create a reversal model and showed strong growth. At the moment there is potential for the formation of a bearish reversal pattern inside a triangular one. Today the price has already reached a local maximum of 1.3860. A decline may begin with a rebound from this level.
To complete the formation of the reversal model we need to look at the test level 1.1480. From that mark we can try to sell the euro with a tight stop order already on the next trading week. The goal is for the EUR/USD to fall below 1.1100.
The Next Few Days
Our forecast for the exchange rate between the euro and the dollar is for the pair to fall to 1.1100 within the framework of the formation of a bearish reversal pattern.
A short position should be opened at the rebound from 1.1480 with further translations to breakeven positions.