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daStilz
Aug 22, 2015 4:19 PM

JOURNAL 08 - EURUSD Observation 

EURO / U.S. DOLLARICE

Description

The EURUSD pair continues its bullish rally to finish off the week in a very momentous fashion, subsequently allowing my tp to be reached. If the momentum continues, there could easily be a breakout and consequently avoid the quadruple top. However, a quadruple top and a continuation of the pennant is just as likely. The next few days are going to be very interesting to observe. With a breakout, a big rally in no man's land is possible. Without a breakout, it shows a quadruple top which is in itself, an extremely bearish signal.
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