EUR/USD Symmetrical Triangle Formation.
In the recent days we could observe a choppy price action on the foreign exchange market. The support and resistance levels have created a symmetrical triangle. Although, symmetrical triangles are categorized as continuation paterns I will wait for a break out of one of the trend lines or for a further confirmation in order to take a short position.
I will not forecast the support and resistance levels on this occasion and instead wait for the price action to develop further.
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Good Luck with your technical trading.