13 Apr 2016

EUR/USD MAY FINALLY BE READY TO TRADE LOWER

EUR/USD H4

The rate has finally broken it's two-week long consolidation range just below the possible massive symmetrical triangle resistance.

My immediate bias is now lower and we should reach at least the 100% box range breakout target around 1.1225.

The longer term target still stands at the lower boundary of the triangle around 1.0600.

Only a daily close above 1.1500 would invalidate my current bearish outlook for the pair.



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