Intraday EUR/USD: Fade or Breakout?

The 30 minute EUR/USD has congested into an ascending triangle pattern as prices are bouncing along a horizontal ceiling and the uptrend line support.  The market cycle is not ideally flat however and this puts into question whether or not there will be momentum higher through resistance or lower through support to justify a momentum entry.  The other factor is the horizontal ceiling and the possibility for a fade as prices reach the 1.3640 to 1.3650 area.  Look initially for exhaustion at the pattern’s ceiling and if prices can break higher through the major psychological level at the 1.3650, look for momentum.  The uptrend line support will break lower as price break the 1.3586 level.  Look for initial, near term support at the “80″ pip.