Triangle: The EUR/USD started the week challenging the 1.34 handle, but it held as resistance. So far, the 1H EUR/USD chart shows a market that is trading in a triangle. Well, as I report this condition, the triangle broke to the downside, and a support pivot from last Friday at 1.3320 is going to be challenged as support again. Topping, retracement: While the break of the triangle implies increasing volatility, a break below 1.3320 is a sign of topping. Taking the width of the top, about 80 pips (1.34-1.3320), and we have a breakout projection at 1.3240 (1.3320-80 pips). We should also be aware of a support pivot at ... (full story)