EURUSD Continuation Pattern

EURUSD has formed a continuation triangle on the 4 hour charts and after a fake breakout of the upper line it started to move lower pushing below 1.4800 where we see it consolitating in the Asian session. Projected target of this patter is the 1.4600 level and we could see the pair reach it in the next few days considering the USD momentum. Conversely failure to stay below 1.4800 is going to invalidate this pattern and show signs of a bigger retracement. EURUSD has formed a continuation triangle on the 4 hour charts and after a fake breakout of the upper line it started to move lower pushing below 1.4800 where we see it consolitating in the Asian session. Projected target of this patter is the 1.4600 level and we could see the pair reach it in the next few days considering the USD momentum. Conversely failure to stay below 1.4800 is going to invalidate this pattern and show signs of a bigger retracement.

[NP][/NP]