Price is currently very near measured move target out of the pennant pattern breakout. One could reasonably expect some noteworthy profit-taking right about these prices.
Just saying... :)
Here's a good study for the chart pattern freaks.
EURUSD has broken out spectacularly out of a consolidation pattern that started forming in JULY of this year. This consolidation pattern has all the appearance of a textbook head & shoulder reversal pattern which we all know could be used to draw a measured objective.
Let's see now.
