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TareqEsawy
Dec 16, 2012 1:15 PM

EURUSD: Ascending Triangle or Triple Top? 

Euro Fx/U.S. DollarFXCM

Description

If the Ascending triangje played out with a break of 1.3170 level, EURUSD will target 1.3520 levels in the near term. on the other side of the coin, the triple top pattern is more close to reality as the EUR is in overbought conditions as shown by Stochastics and RSI, in case of a drop, the first support will be 1.2930
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