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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..
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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.
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good point.2770 your first target ?
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