Euro Market in Consolidating Symmetrical Triangle
By Jerry Simmons   
July 07, 2011

The daily chart of the EUR/USD shows the market clearly in a consolidating symmetrical triangle. As we approach the bottom trend line, be sure to show caution with the market. Depending on whether or not the market is able to break this bottom trend line will have a strong impact as to where this market goes over the next few days.



To learn more from Jerry and the team over at ATW, be sure to register for the ATW Pre-Market Analysis!

This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.

 
This website is for educational purposes only. Offers and events from 3rd party vendors are provided for convenience only. Trader Kingdom is not responsible for the content of a 3rd party website or their services.

Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.