Both the DXY (US Dollar Index) and EUR/USD have formed triangle patterns within their respective 9-period daily RSI indicators. A break above RSI formation resistance & above 1-week trendline resistance at 1.4990 should reinvigorate EUR/USD bulls back towards the 1.5030-65 zone, above which exposes channel & wedge resistance at 1.5190. Below RSI formation support, however, coupled by a loss of the 50-day MA at 1.4808 (projected) would shift near-term expectations towards the bottom of a 3-month bull triangle at 1.4753. This would translate into an upside breach of the DXY's 20-day MA and would refocus the resistant 50-day MA now at 75.63.
