Rykin_Capital

EUR/USD Bearish Outlook

Short
FX:EURUSD   Euro / U.S. Dollar
Following a progressive fall of Euro since April, we are drawing out a triangle. With coiling momentum on the stochastic with price action approaching resistance, I am willing to place a bet that the price motion will get deflected to continue painting out the triangle, possibly to at some stage exit the triangle on the downside. Don't hold your breath for the Euro.

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