EURUSD: Descending Triangle Formed, Bullish Breakout Incoming!EUR/USDOANDA:EURUSDVincePrinceHello There, welcome to my new analysis about EURUSD from a 30-minute timeframe perspective. In recent times, I have detected a highly interesting setup with EURUSD, which has a high potential to transform into a determined breakout pattern. The established bullishness should not be underestimated in the current market phase. When looking at my chart, we can see how EURUSD is forming this pivotal ascending channel formation. The lower boundary of this ascending channel formation is still a substantial support from where further bullish bounces are very likely. The most important pattern in this whole structure is the descending triangle formation, which is marked in my chart. EURUSD completed the wave count within this formation and bounced within the 1.17 level, aiming for a final breakout. The whole formation will be completed as it is marked in my chart, with a breakout above the upper boundary and a settlement above the 100-EMA and 200-EMA. From there on further bullish acceleration towards the upside is likely. The initial target zone, is within the 1.176 area. The final target zone, once the descending triangle is complete, is within the 1.18 area. In this manner, thank you a lot for watching! What do you think about EURUSD right now? Let us know in the comments! VP