EURUSD – Daily Forex Technicals by ForexHound.com May7th

EURUSD broke outside the triangle mentioned in our previous post, as seen in the chart below bearish traders were offered a nice break/retest setup to open new shorts. EURUSD broke outside the triangle mentioned in our previous post, as seen in the chart below bearish traders were offered a nice break/retest setup to open new short positions. With enough momentum this move could very well reach the 1.52 area and even 1.50 in the next week.

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