EUR/USD Consolidating
by John on 06/12/08 at 1:07 pm
EUR/USD is currently consolidating on a triangle formation.
Here’s the daily chart:
A breakout above 1.3082 is s strong bullish signal. On the other way, a break below 1.2510 is a strong bearish signal.
The weekly chart shows the same consolidation triangle. This is a 6 weeks consolidation so far. The longer the time this consolidation takes, the stronger the signal when a breakout occurs one way or the other.
