akyong
Short

EURUSD: Price is consolidating in a triangle formation

FX:EURUSD   Euro Fx/U.S. Dollar
Price has been consolidating and we have a few potential signals indicating that price might continue its downward direction.

We have a valid double top divergence setup at the moment, in confluence with the upper end of the triangle. There is also a minor resistant structure just above at 1.0635. A break below the triangle pattern might be the confirmation that price will continue falling.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
M.T.Signals PRO
2 years ago
Depending on the Housing News, anything could happens during the news release
+1 Reply
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