Price is trading in a terminating Triangle pattern and is
testing the higher end currently. The congestion may end
with a sharp breakout in either direction, and currently the
bias is to the upside. But if price fails here and falls back
below the Daily pivot point at 1.3225 we might see a run
towards the lower end of the Triangle point..
In most instances will a breakout from a terminating Triangle
lead to a sharp move in the direction of the breakout, and
in rarer occasions, the indecision will just continue and
price will fizzle on sideways, without the necessary buyer or
seller pressure to push the market.
testing the higher end currently. The congestion may end
with a sharp breakout in either direction, and currently the
bias is to the upside. But if price fails here and falls back
below the Daily pivot point at 1.3225 we might see a run
towards the lower end of the Triangle point..
In most instances will a breakout from a terminating Triangle
lead to a sharp move in the direction of the breakout, and
in rarer occasions, the indecision will just continue and
price will fizzle on sideways, without the necessary buyer or
seller pressure to push the market.
