As shown in the attached chart, the EUR
/ USD has been forming a triangle bottom-up, which means that once the
Euro breaks up the line of resistance, if it has to do a pullback and
respects that line - therefore become your new media - we expect the
euro to levels close to 1.50.
It is worth remembering that the
triangles are figures common ancestor and not behave in any case a
change in trend if not a continuation or break it. Ascending Triangle
Features:
• Available in upward trending markets
• Does not cause
reversal.
• It is a very common figure
• Has a High Reliability
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