EUR/USD chart pattern

Discussion in 'Forex Trading' started by TradeTheNews, Jan 10, 2007.

  1. TradeTheNews

    TradeTheNews ET Sponsor

    Double-top pattern underway for EUR/USD on the 4-hour chart with 1.2800 as the objective on a measured move basis.


    The stronger US payroll data from last Friday has elected a “Double Top chart pattern in the EUR/USD currency pair. The break of the neckline established at 1.3050 sets up a potential target of 1.2800 (based upon the 1.3300 high on January 2nd and the Dec 18th low of 1.3050)







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