Sohtionghum
Long

EURUSD displays potential cup and handle

FX:EURUSD   Euro/U.S. Dollar
523 0 3
This is a classical continuation chart pattern but can only be confirmed when the pattern is completed i.e. price breaks decisively above resistance line. Note the word decisive. The pattern fails if 1) price falls back below the resistance line revealing evidence of a false break 2) when price falls below the 'handle' 3) price action evolves into other chart patterns such as turning into a consolidation triangle.
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