EURUSD: The current tug of war between buyers and sellers doesmore and more resembles of a bear triangle henceindicating that the sellers will win the battle and a new trendlow to be set. Such a move will however probably be aPyrrhus victory given that a triangle normally is the lastcongestion in a trending phase and that after a newlow/high a turnaround will be made. There’s also the bulldivergence still in place ready to underpin any attempthigher.
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