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EUR/USD in a Wave 5 Diagonal Triangle?

– July 9, 2010Posted in: Forex Technical Analysis

Following the EUR/USD as it rallies towards 1.2750 as posted in the previous update. The market is indeed rallyign towards 1.2740/50, however the momentum is slowing, as we see a lengthy bearish divergence forming. The pattern of the rally that started near 1.21 suggests an impulse wave. In the bigger View full post on Technical Analysis

Tags: Diagonal, EUR/USD, Triangle, Wave

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EUR/USD in a Wave 5 Diagonal Triangle?

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