€/$ – triangle running late. NOK/SEK higher again

EURUSD: Eight out of the past nine trading days the market has beenpushing prices below 1.3360 but not on one single occasionbeen able to end the day below 1.3360. There’s apparently asignificant bid in the area counteracting the bearish trianglethat we have been creating during last week. The triangle ismore or less complete so if a downside break (a minimummove to 1.3332 (ideally 1.3250)) doesn’t take place withinshortly the risk will swing to the topside (breaking 1.3416).

Read the full report: Technical Alert