TradingView
LADEEc57
Dec 25, 2017 10:40 PM

$EURUSD | Coiling before Breakout Long

EURO / U.S. DOLLARICE

Description

EURUSD - Price consolidation continues within the symmetrical triangle weekly time frame after failing to break above this trend line connecting pricing points set between Sept 9th to Nov 27th price point. A break above this line at any time would signal a push towards $1.1944 level, with a recoiling movement towards the $1.2090 levels with an intention to continue the intermediate bull movement set since July 2017. Supporting this thesis would be bullish pricing emergence in XAUUSD & softening of USDJPY.
More