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Outbreak of the appex

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-12-22_00-11-08euraud

2015-12-22_00-11-08euraud

Low volatility for this euraud currency pair. Price is nearing the appex of the symmetrical triangle where an outbreak might be expected.

Please see support and resistance levels for possible target where the currency is most likely heading.

Some other euro pairs showed some upside movement therefore a bullish outbreak might come into play.

But why guess and not wait for it to break out to let price lead the way.

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