EUR/USD: 'Triangle' was broken

EUR/USD: 'Triangle' was broken

2019-11-11 • Updated


The main trend is bearish. The last 'Triangle' was broken, so the market is likely going to test the nearest support at 1.1895 - 1.1879. If a pullback from this area happens little later on, there'll be a moment to have an upward correction.


The price is declining because of the last 'V-Top' pattern. So, we should keep an eye on the next support at 1.1895 - 1.1879 as an intraday target. A pullback from these levels could be a departure point for a bullish correction.


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