FX.co ★ EUR/USD for Weekly August 08th / 2011 to August 12nd / 2011

Description :

This currency is forming the triangle pattern that indicates the EUR/USD is entering a period of thin volatility on the market. Looks like next week the EUR/USD will try to test the 1.4000 level again. But the weakness of this currency may be held if the EUR/USD can make it through the 1.4429 level.