Predictable

Last night's 10:45 post showed you this chart...

 Here's what was said under this chart, "Once again the Eur/USD has formed another bear pennant, look for an upside breakout / head fake "

Sure enough, despite my horrible trendlines, there it is. This is the second consecutive day in a row this has happened in the EUR/USD, but any time there's an obvious technical pattern in a liquid market, you can expect a head fake 80-85% of the time.

Now, lets see if we get that test of $1.30