EUR/USD Trading in a Triangle

EUR/USD is in a large consolidation between 1.2744 (2013-low) the 1.3240 (April-high). It is in the bottom half of that consolidation, below 1.30, forming a triangle. The 4H RSI stuck between 40 and 60 reflects consolidation momentum. A break to tag 30 or 70 should reflect new directional momentum….

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EUR/USD Trading in a Triangle

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