Pennant Breakout, EUR vs USD, Late July Highs Next?Euro/US DollarFX:EURUSDNovi_FibonacciPrice on EURUSD has made a Pennant Breakout to the upside! Next we will want to see a Retest to the Breakout of the Pattern and if successful, should be the Support Bulls need to take Price Higher! The Late July Highs, last visited on July 27th @ 1.1770, will be the Price Target if the Breakout is Validated and Retest is Successful. This week there is some heavy hitting news for the USD with CPI on Tuesday, PPI on Thursday and Retail Sales and Empire State Manufacturing (being forecast more bearish of all news) on Friday.