RehgalFx

Consolidation: Another move up or break down

FX:EURUSD   Euro Fx/U.S. Dollar
39 2 2
Euro             has been following a triangle pattern. Without major data for a push, until tomorrow, it could continue to consolidate into the Court ruling or US retail sales data. Currently watching for the break lower to support at 1.1750 area or a bounce back to 1.1850 around triangle resistance.
Logic
2 years ago
I had am watching the same thing XD, just wanted to confirm if others see this pattern. I am impatient to wait for hard confirmation i think ill just go long and target 30 pips with 20 sl, watcha think ?
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RehgalFx Logic
2 years ago
I was looking at entering between 1.1780/90 level so hopefully you haven't been stopped out. It's London lunch so I think we'll get the bounce off some profit taking. It's been in downtrend since the open.
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