EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside. However as triangles normally is the lastcongestion before a correction/turnaround a new high willalso probably mark the end to the February rise. A break of1.3774 should ideally be followed by a move up to 1.3840-ish (the long term falling top line). Below 1.3708 the trianglehas been exited to the wrong side = premature peak.
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