EURUSD: Symmetrical Triangle

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 EURUSD Weekly chart


From the above weekly chart, prices are moving in a sideways direction from past seven years and it seems that this sideways action is turning out to be completing symmetrical triangle pattern.

As per wave theory, prices have completed all the legs of the triangle pattern and it is now set to move higher from current levels. The single currency can move close to 1.20-1.22 levels which will be the post pattern implication (Thrust)

The summation is EURUSD is all set to soar till 1.20-1.25 levels over short to medium term.

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