EURUSD Technical Analysis

Hello Price Action Traders.


The EUR/USD is falling since May after the Double Top pattern. The Euro is currently trading below the 1.3000 psychological level but found support at 1.2880. On the four hour chart, the pair is trading in a triangle while on the daily chart it looks like a pennant. Both are continuation patterns for the 85% of the time. However, only a breakout of the formation will give the right direction.


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Luigi Bazzarelli, Professional Trader member of

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