EUR/USD: Triangle Pattern Eyes 1.18 Break for Bullish Continuation

EUR/USD is consolidating within a triangle pattern around the 1.1750 area, with traders closely watching for a decisive break above the 1.1800 resistance level. The pair has been range-bound for several sessions, forming a symmetrical triangle on the daily chart that typically precedes a significant directional move. Technical indicators suggest building bullish momentum, with the RSI holding above 50 and the MACD showing positive divergence. A sustained break above 1.1800 could trigger the next rally phase, potentially targeting 1.1850 and the psychological 1.1900 level. Support remains firm at 1.1720, coinciding with the triangle's lower boundary and the 50-day moving average. The consolidation reflects market indecision ahead of key economic releases from both the Eurozone and United States. Traders should monitor volume patterns for confirmation of any breakout attempt, as increased participation would validate the technical setup.