EURUSD. Is history talking to us?
Hey traders!
Checking what EURUSD did in last years, I found an interesting pattern.
A first symmetrical triangle (white lines) that was built since June 2000 until May 2002. Now we can see something similar, a triangle pattern (yellow lines) started in February - March 2015 that could finish over November - December 2015 (rough estimation) with the breakout.
PS: Personally I think that should be a bullish move, as I cannot imagine the EURUSD under 1, but...
Let's see what market really does!
Regards.
Checking what EURUSD did in last years, I found an interesting pattern.
A first symmetrical triangle (white lines) that was built since June 2000 until May 2002. Now we can see something similar, a triangle pattern (yellow lines) started in February - March 2015 that could finish over November - December 2015 (rough estimation) with the breakout.
PS: Personally I think that should be a bullish move, as I cannot imagine the EURUSD under 1, but...
Let's see what market really does!
Regards.
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