The triangle target at 136.50 has been fulfilled and what might be lacking is the time. Very often triangles finishes at the apex of the triangle. If that is what we are "waiting" for a top should be seen in late European/early North American trading.A break below 135.36 will confirm the top for the next decline below 128.68.
At no point should we break above 137.85, as that would call for a continuation towards 140.63 and likely also 142.81 again.
The price target also seems to have been met by measuring gap: http://instigator928.blogspot.com/2011/01/euro-watch.html
ReplyDeleteDoes extending the red triangle lines help in some way?
Thanks!