Daily Chart Art – December 8, 2011

EUR/USD: 4-hour Last but not least, here’s a neat symmetrical triangle formation on the 4-hour time frame of EUR/USD. Price action is looking tight as euro bulls and bears continue to battle it out. It’s tough to tell which camp will emerge victorious since stochastic is neither in the overbought nor oversold region. Anything can happen, so make sure you set those stops right if you’re gonna play this setup.

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