Eur/Usd: Descending Triangle Forming

Feb 24, 2009 23:44 Est

Casey Stubbs– Winners Edge Trading

The Euro/Usd has reached a point where the pair has not had any clear direction in the past few trading sessions. However now we are forming a Descending triangle which usually indicates a further move to the downside. So watch for the pair to break out of the triangle.

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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