Chart Art: EUR/USD Sliding Back to Triangle Base?

EUR/USD has been vibing inside an ascending triangle for a hot minute and is now trying to break through that resistance like it's busting out of class on a Friday. 😉

Is the pair gonna vibe check back to support levels again?

Or is it about to level up and make a climb to new heights? 🚀

EUR/USD: 4-hour

EUR/USD 4-hour Forex Chart by TradingView

With all eyes on a potential December Fed rate cut 🎄 and the ECB throwing out some mixed signals, EUR/USD has been lifted from the bottom to the top of its triangle like a low-key rocket. 🔺

Now, the resistance around that 1.1650 spot is acting like it’s the cool kid at school, holding everyone back and keeping EUR/USD chill in its zone. 😎

So, how low-key can EUR/USD drop from here?

Friendly reminder, fam: market moves are driven by the big dogs, aka the fundamentals. If you’re not caught up with the euro and U.S. dollar deets, you best check that economic calendar and keep up with the daily scoop! 📅

But yo, the 100 SMA just slid above the 200 SMA, so the vibes are looking upward, and we might just see the euro bulls flex a little. 💪

If that's the case, keep an eye out for another chitchat with the triangle top or the nearby resistance at R1 at 1.1690, 'cause busting through could send EUR/USD past the 1.1700 mark heading to R2 at 1.1730. 🚀

Don't sleep on it, though – adjust for all that extra hype around the upcoming FOMC decision! 🔥

Whichever mood you're trading with, remember to flex some risk management skills and stay woke to major catalysts that might switch up the game. 🎯

Disclaimer:
Yo, just a heads up: this technical analysis content is for your brain food only and not telling you how to trade or which side to pick. It's just one piece of the puzzle in your trading game, so you gotta own your moves. Trade smart and at your own risk! 🧠✌️