By FXEmpire.com
The EUR/USD pair has been an absolute mess lately, and this past week was a wild one yet again. The shape is a hammer, but there is a very definitive triangle starting to form on the daily chart. The set up then becomes fairly clear, as a break above the top of the hammer would also signal a break above the triangle, and give you two reasons to buy. However, as long as we stay in this triangle, there will be doubts about buying. In fact, if we get a break of the bottom of the hammer, and by extension the 1.30 level – we are aggressively short.
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Originally posted here
