EURUSD triangle continues to evolve, quiet time so far

FX:EURUSD   Euro / U.S. Dollar
239 0 10
The EURUSD             is very likely completing a triangle, which ideally should end at ~1.1580, slightly overshooting the upper channel line. This will take a few more days, in the mean time the following developments are likely:
1) 200 more pips upside in EUR, GBP (C in flat), possibly a new low in CAD
2) Crude could easily get to 48-49 in a deep correction.
3) SPX             may get to a fresh high (last one), as there is a possibly of an ending diagonal developing.

Once we exit the triangle, I think this will coincide with the long awaited sell-off in equities and bonds which is likely to last straight until the elections in the US.
Enjoy the sunny and quite August wherever you are!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out