# EUR/USD: Ascending Triangle (July 22, 2013) Source: https://www.tradersway.com/resources/market-info/eur-usd-ascending-triangle-july-22-2013/ Language: en Updated: 2013-07-22 Description: Explore EUR/USD: Ascending Triangle (July 22, 2013). EUR/USD is. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EUR/USD is still stuck in consolidation for now, with an ascending triangle pattern forming on its 1-hour time frame. An upside breakout could signal that the pair is headed all the way up to the previous high around 1.3400 while a downside break could mean that EUR/USD will be on its way to test the former lows around 1.2750 again. Stochastic is in the overbought region, suggesting that a downward move might be more likely as euro bulls are running out of steam. However, the oscillator has yet to cross down before the sell signal is confirmed. ![EUR/USD: Ascending Triangle (July 22, 2013)] There are no major reports on deck from the euro zone today but the US will be releasing its existing home sales report. A strong figure could trigger enough dollar buying to push EUR/USD below the bottom of the triangle, but the upcoming reports for the week could be more crucial in sustaining momentum. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eur-usd-ascending-triangle-july-22-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/eur-usd-ascending-triangle-july-22-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eur-usd-ascending-triangle-july-22-2013/", "headline": "EUR/USD: Ascending Triangle (July 22, 2013)", "inLanguage": "en", "datePublished": "2013-07-22T11:44:53+00:00", "dateModified": "2013-07-22T11:44:53+00:00", "articleSection": "Market Info", "description": "Explore EUR/USD: Ascending Triangle (July 22, 2013). EUR/USD is. 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