nezyrinfx

Symmetrical/Descending Triangle EUR/USD

FX:EURUSD   Euro / U.S. Dollar
Here's 2 scenarios for EUR/USD.

1) Descending triangle which price may Support at the green line or break further downside. By default the probabilities for it to break further down is higher but price may also bounce from green line Support and make a leg higher. If it breaks and close below green line, the next Support seen here will be 1.2050/70 which also resides a Bull Gartley pattern. If it breaks further upside, the target would be 1.2660 then 1.3200.

2) Symmetrical Triangle which price may or may not break further upside.

Still looking for a leg higher than 16th Feb high. The right side will still be for Long position for new high.
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