Triangle: In the previous update, I noted the market shifting EUR/USD from a rising channel to a triangle, which was symmetrical (higher lows, lower highs). There was a break above this triangle late US session, but price held under the 1.3389 high. Support however continues to be higher, turning the symmetrical triangle into an ascending one, which has more bullish bias. Breakout: The market is cracking the resistance around 1.3390 but clearing above 1.34 would probably be needed to open up the 1.35 handle, which is about 78.6% retracement of the 2013 downswing. FOMC: The key event risk the market will be monitoring ... (full story)