EURUSD - Daily - Is it forming a pennant?

FX:EURUSD   Euro / U.S. Dollar
52 0
Veeeeery interesting... It seems that it's forming a pennant . You know what happens after the pennant breaks? It normally is a continuation pattern. Even though I am the biggest skeptic ever and I really would like to see this pair to the downside, sometimes it's difficult to ignore these types of strong formations.

I really want a SELL on this, but I will wait for confirmation (the break).

I think that this could sell off a bit to about 1.13500, where it will meet it's support.

What I am really hoping for is that I know that it's a pennant , you know that it's a pennant and how it performs, and all the brokers know that it's a pennant . Brokers like to trade against us, so just be careful with that continuation.

Keep an eye on the price action!
Jul 11
Comment: And there'sour continuation...


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