EUR/USD: lower side of the triangle broken

EUR/USD: lower side of the triangle broken


The lower side of the triangle has been broken, so the price is declining. The main intraday target is the next support at 1.1526. If a pullback from this level happens next, there'll be a moment to have an upward correction towards the nearest resistance at 1.1574 - 1.1601.


The last 'Pennant' led to a new local low. At the same time, there's a 'V-Bottom', so we're likely going to have an upward correction. So, we should keep an eye on the nearest resistance at 1.1590 as a possible starting point for another decline.



Latest news

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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