An ascending triangle has developed and could lead to a sharp move in either direction. The resistance level at 1.146 was reinforced last week – but if it breaks we should see 1.16 quite quickly. On the other hand, short term traders are long of the Euro and 1.13 is an obvious stop loss level. A break below this level would see a sharp selloff as longs are liquidated. Read More on eurusd.co
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