FXTechs

Ignoring Ascending Triangle - Shorts Valid Against Top

Short
FX:EURUSD   Euro / U.S. Dollar
$EURUSD is trading within an ascending triangle (bullish). Regardless, Friday's rally stopped well short of resistance and Monday's gap higher was also futile. We are still calling for bearish continuation but expect a correction to the triangle bottom at the very least. Bullish fundamentals are lacking - shorts valid against triangle top/1.1051.

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