thesmallerone
Long

EURUSD CUP AND HANDLE 4.20.16

FX:EURUSD   Euro Fx/U.S. Dollar
77 0 1
There is a very evident cup and handle formation that has occurred and we are now waiting for the handle to develop a little bit more before we see the breakout. We also have bullish divergence which further supports the claim for a continuation of the trend we are currently seeing.
Comment: The previous handle structure was broken. Now we wait to see where the new one will develop.
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