Home Polls & Quizzes EURO-YEN: Is this a Continuation or a Trend Change Pattern?

EURO-YEN: Is this a Continuation or a Trend Change Pattern?

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The EURJPY cross has been moving mostly in a bearish path. Since the end of May, it has been creating a triangular formation. Usually, this type of pattern is a continuation pattern. Also, the MACD and CCI seem to point to the downside. Anyway, the market often does the opposite of what most traders expect. Also, we see EURJPY creating small figures (indecision and lack of conviction by bears and bulls).


This is an exercise on analysis. To have a market, participants must have different beliefs and interests. Please state your belief below!

Which Scenario is most likely to you?

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