EUR/USD
DESCENDING TRIANGLE INTACT
On 60 min chart its trading within the Descending Triangle formation. And also completed the Wave formations. This pair is resisting the Resistence trendline which connected the highs of 1.2820-1.2808 and also kissing the top of band of the Bollinger Band. Most likely it'll retest the 1.2746 and will continue to complete the Triangle formation. Break below the 1.2746 it'll give the confidence to kiss the 1.2683 level.
DESCENDING TRIANGLE INTACT
On 60 min chart its trading within the Descending Triangle formation. And also completed the Wave formations. This pair is resisting the Resistence trendline which connected the highs of 1.2820-1.2808 and also kissing the top of band of the Bollinger Band. Most likely it'll retest the 1.2746 and will continue to complete the Triangle formation. Break below the 1.2746 it'll give the confidence to kiss the 1.2683 level.
posted by Naveen Pantera at 3:30 PM
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