| EUR/USD - Triangle Pattern Indecision Posted: 01 Nov 2010 11:10 AM PDT  Price action on EUR/USD (a 4-hour chart of which is shown) as of Monday (11/01/2010) has been entrenched within a converging consolidation for several weeks now. This consolidation has now taken the form of a symmetrical triangle, after having respected 1.4000 area resistance to begin this new trading week. This triangle highlights the directional indecision that has characterized much of the forex market recently. For more technical analysis on this currency pair, please click here for Monday’s (11/01/2010) Chart of the Day.
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