Forex Pairs Build Sturdy Contracting Triangles

Discussion in 'Technical Analysis' started by Kaitlin, Feb 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD has been going sideways during the last week and has not been able to break below the 50% Fibonacci level. A break above resistance could see price build a potential breakout. If it fails, then a bigger bearish retracement could commence towards the 61.8% Fibonacci level.[​IMG]

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