EUR/USD continues its up-trend. It has formed a right-angled triangle which has bullishly broken to the upside. The count generated from the lowest column of 'O's in the pattern generated an upside target of 1.3880, which is not far above our old target, at support at 1.3860. Given there are no signs of weakness in the trend and no resistance yet there is no reason to expect the up-trend to stop now or reverse, and no indication from price. At 1.3840 there is an old trend-line which could resist further upside and force a consolidation, with possible pull-back to support from the top of the pattern at 1.3790, however, the dominant short-term trend is expected to resume afterwards.
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