Breaking 1.10 has been a challenge for the EURO so far.
Two contradicting chart patterns are developing:
1. If you ignore the wicks (which I don't do), there is a clear bear flag pattern developing.
2. Alternately, if wicks are taken into consideration a bullish ascending triangle patterns can be identifies.
I personally feel that the EURO wants to push higher and the latter scenario will play out. Would love to hear what everybody else thinks.
Two contradicting chart patterns are developing:
1. If you ignore the wicks (which I don't do), there is a clear bear flag pattern developing.
2. Alternately, if wicks are taken into consideration a bullish ascending triangle patterns can be identifies.
I personally feel that the EURO wants to push higher and the latter scenario will play out. Would love to hear what everybody else thinks.