EURUSD Short Term Triangle a Possibility
240 Minute Bars
Prepared by Jamie Saettele, CMT
“The EURUSD rally from 12161 is corrective, specifically a 4th wave advance. 4th waves are often choppy, sideways affairs that take the form of a triangle or flat. The action since the low certainly fits the description. It’s possible that a high is already in place at 12316 but any additional strength should be capped by 12333/63 (if indeed the interpretation is correct). The stop is above 12440.”
LEVELS: 12100 12160 12215 12315 12365 12400
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