Red lines- expanding triangle

Blue lines- bullish channel

Black line- support trend line

EURUSD is trading around 1.0785. Short-term trend remains bullish a price continues making higher highs and higher lows. Price is inside the upward sloping blue channel and is approaching the resistance at 1.08 where we find the upper boundary of the expanding triangle pattern. Short-term support is found at 1.0755-1.0740 area. Holding above this level will keep bulls in control of the up trend. Failure to do so will provide us with the first bearish reversal signal.