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EUR/USD Consolidating Within The Bearish Pennant

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is consolidating within a bearish pennant after a drop caused by Brexit price action. Traders should pay attention to 2 POCs and a possible X cross breakout just below the pennant. POC1 comes within 1.1120-35 zone (previous double bottom, historical sellers) while POC2 marks 1.1168-85 zone (H3, EMA89,[​IMG]

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