EUR/USD: bears broke 'Triangle'

EUR/USD: bears broke 'Triangle'

8-5-2018-EUR-H4.png

The main trend is bearish. The last 'Triangle' has been broken, so the price is declining. However, if a pullback from the nearest support at 1.1859 - 1.1846 happens little later on, there'll be a moment for a bullish correction.

8-5-2018-EUR-H1.png

The pair has broken the last 'Flag' pattern, so there's a new local low. It's likely that the market is going to test the next support at 1.1859 - 1.1846, which could be a departure point for an upward correction in the direction of the closest resistance at 1.1914 - 1.1941.

eur

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