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nikitafx
May 4, 2014 1:55 AM

EUR/USD triangle breakdown pattern ( Nikita FX ) Short

Euro Fx/U.S. DollarFXCM

Description

I think EUR/USD is also just in a triangle termination.
Its wave C-sub-c has already started heading for downside if the
critical point; 1.3887 won't be broken. The filling Gap Down was a
bearish pattern, I think in this case.
However there is one more scenario because US 10 year treasury note
suggests its H&S downward target, so USD/JPY has started plunging into
final wave C, therefore EUR/USD might be able to reach at double top level
which is 1.3964

Nikita FX ( http;//climbingfx.jugem.jp/ )
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