Technical Analysis – EUR/USD Still Selling Rallies

11-07-08

3:27a GMT – The EUR/USD pair is still in the triangular consolidaton pattern and I am still looking to sell rallies within the pattern or at 1.2995 to sell with the downward pressure.

Trading Idea: look for bearish reversal signals at the top of the triangular pattern and around 1.2995, with short targets favored back down to 1.2530 and 1.2365.

(click to enlarge)
Technical Analysis   EUR/USD Still Selling Rallies

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