EUR/USD continuation triangle plays out - next move lower

FX:EURUSD   Euro / U.S. Dollar
159 3 3
EUR/USD             continuation triangle plays out - next move lower
very solid triangle pattern there... i see a lot of wedges and triangles in other dollar pairs too..
I am skeptical of targets but if I had to identify one I would say the 1.2550 area. Project the fall from early May to mid May and its about a 350 pip drop. Do the same from $1.29 which is the apex of this triangle and that would bring you to $1.2550 but like I said I find projecting targets tricky.
good point.2770 your first target ?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out