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FXTechs
Apr 9, 2015 7:15 AM

$EURUSD Breaks Through Ascending Triangle Bottom Short

Euro Fx/U.S. DollarFXCM

Description

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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