<\/p>\n
EUR\/USD<\/a> has teased the resistance level at 1.2310 a number <\/p>\n <\/p>\n Factors Affecting<\/strong><\/p>\n <\/p>\n It seems the euro zone debt problems have not raised their <\/p>\n <\/p>\n Technical Analysis<\/strong><\/p>\n <\/p>\n Technical analysis on the EUR\/USD reveals it is has formed <\/p>\n <\/p>\n Forecast Currently, the pair is on a downtrend in the short term. \n To read more from Shawn James<\/a> subscribe to pipstoday<\/a>.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Introduction EUR\/USD has teased the resistance level at 1.2310 a number of times, but it has been unable to break it. At the same time, it has been forming a slope of higher lows. As a result, the common currency has formed a nice-looking ascending triangle pattern. Factors Affecting It seems the euro zone … <\/p>\n
\nof times, but it has been unable to break it. At the same time, it has been
\nforming a slope of higher lows. As a result, the common currency has formed a
\nnice-looking ascending triangle pattern.<\/p>\n
\nugly head in the market for sometime now. Today, the current account from the
\neuro zone gave a reading of 10.9B against a projected value of 5.3B. As a
\nresult, this positive data made the demand of the euro to rise in the market.
\nNonetheless, traders are still keen on any news updates about the euro zone
\ndebt situation.<\/p>\n
\nan ascending triangle pattern<\/a>. If the pair convincingly breaks out of the
\npattern to the downside, it may drop to the support level at 1.2170. On the
\nother hand, if the pair convincingly breaks out of the pattern to the upside,
\nit may test the resistance level at 1.2370.<\/p>\n![\"\"](\"http:\/\/i.imgur.com\/MSqx2.png\")
<\/p>\n
\n<\/span><\/strong><\/p>\n
\nTherefore, aggressive traders should just wait for further confirmation before
\ngoing short on the pair.<\/p>\n