Razvan

EURUSD - Break Up, Or Break Down?

FX:EURUSD   Euro / U.S. Dollar
A symmetrical triangle was drawn on the EURUSD 60 mins chart. At this point there is an equilibrium. The triangle (theoretically) signals a continuation of the previous trend, while fundamentals are still favoring a fall. I say it could be better to wait for a confirmation. An up break could trigger a rally to 1.3664 (first target), while a down break could signal a drop to 1.3540 or lower.

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