EUR/USD -25/11/2022-
• Trading above ascending trend line
• Symmetrical triangle on hourly chart, a continuation pattern
• A symmetrical triangle forms after a strong move, indicating a pause before the continuation of that prior trend
• Next target for bulls is 1.0480
• Bullish bias intact as long as the Euro is trading above the black ascending trend line
• Symmetrical triangle on hourly chart, a continuation pattern
• A symmetrical triangle forms after a strong move, indicating a pause before the continuation of that prior trend
• Next target for bulls is 1.0480
• Bullish bias intact as long as the Euro is trading above the black ascending trend line
Ramzi Abou Abdallah, CFTe, CMT
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