$/YEN final leg in the triangle? €/SEK left the bull flag!

EURUSD: Contrary to the best fitted pattern the pair yesterday rose above both the first two resistances hence leaving the narrowest range but still remaining in the broader one. A break above 1.1499 will likely extend the bounce up to the 1.1640/1.1701 area whereas a close today back below 1.1359 and even more important 1.1303 suggesting a resumption of the move lower.

Read the full report: Technical Alert