EUR/USD: The Euro Dollar, in a triangle formation

18 November 2008 @ 10:50 am EDT

FXstreet.com (Barcelona) - The Euro Dollar, as well as the rest of the majors, has been moving in a narrow range for the last hours and the cross is now inside a triangle pattern, according to Mohammed Isah, technical analyst at FXTechstrategy: "Having maintained a trading range between the 1.2330 level, its YTD low, and the 1.3259/98 levels, its Oct 30'08 high/Oct 10'08 low ,a symmetrical triangle has now formed and a break either way within the mentioned range is now envisaged."

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