$EURUSD Breaks Through Ascending Triangle Bottom

FX:EURUSD   Euro / U.S. Dollar
$EURUSD Has broken below the ascending triangle bottom and looks set to break through the Double/Triple Top confirmation level 1.0720 (4h close). Another possibility is a rally off this level and a retest of 1.050 but we think this Triple/Quad Top/Double Bottom scenario is less probable. Look to sell any rallies into the broken triangle bottom or LT channel top.
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