Daily Forex Chart Art - Oct. 23, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EUR/USD: Daily Last but most certainly not least is this long-term triangle breakdown on EUR/USD’s daily forex chart. Price had been stuck inside an ascending triangle since the beginning of this year and is starting to break free, thanks to the dovish ECB statement. Stochastic is still pointing down, which means that sellers have plenty of energy to push for more declines. Heck, the pair might have its sights set on the yearly lows around 1.0500 or much lower! After all, the triangle is

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