EUR/USD: Triangle Projects 1.3300

EUR/USD has been moving sideways for the last two weeks which now seems to be a triangle placed in wave B that is part of a three wave retracement from latest low.

As such, we assume the rally is corrective and the larger trend is still down as long as 1.3415 holds.  However, based on the current price structure, we expect a push up to 1.3250-1.3300 region this week.

Forex Analysis by Gregor Horvat at ForexPros. com