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  1. #1
    adele is offline Junior Member
    Join Date
    Aug 2004
    Posts
    7

    Default symmetrical triangle

    Has anybody seen the symmetrical triangle on the Eur daily? This is a little confusing, according to my knowledge a triangle indicates continuation of the trend, yet in light of Aug US Non- farm Payrolls and President Bush`s speech the US economy is getting stronger along with the USD. I guess my question is, which takes preference, the fundamental news or the technical outlook?

  2. #2
    zero is offline Junior Member
    Join Date
    Feb 2003
    Posts
    18

    Default Re: symmetrical triangle

    Hi, Adele

    My understanding is that the fundamental news influance the technical outlook on the charts.
    For example before Greenspan`s speech everything was still very bearish but the charts is busy turning bullish...


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