EURO Expecting a bullish breakout...
There are some interesting levels in which the EUR/USD is respecting at the moment as it seeks out the next medium-term direction for the last quarter of the year.
The lower zone: 1.1540 holds huge significance this week as the solidity could assist the pair in this H4 triangle breakout to the upside. The recent pressure/consolidation is nearing completion and my bet is that the resistance: 1.1621 will be broken to the upside and the pair will reach the target of 1.1680.
Due to the confusion of price action on the daily timeframe, there is a possibility the pair may even extend a bull run into the 1.1750 weekly resistance level.
Alternatively, a daily break and close below the supportive zone would indicate bearish momentum to follow through and the above scenario to be dismissed. 1.1450 is the major monthly support zone to take note of in this case.