EUR/GBP no breakout
November 16, 2005 by Trader Rich

No breakout has occurred and currently I’m down 68 pips. The EUR broke through last week’s resistance high of .6774. It has reached a high of .6810 which is now the short term resistance for the pair. I’m riding this one out a little longer mostly because the right triangle pattern is technically still intact and my position is with the trend. If the .6810 resistance is broken, I’ll have to consider a stop.
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