Despite being in a long-term bullish trend on EURUSD, we can not deny the following bearish clues:
The pair has broken a support rising trend line and closed below it on a 4-hour chart, as well as forming a descending triangle pattern and breaking its neckline.
These two bearish confirmations suggest that the market could continue to drop lower, with potential targets at 1.0790 and 1.0751
The pair has broken a support rising trend line and closed below it on a 4-hour chart, as well as forming a descending triangle pattern and breaking its neckline.
These two bearish confirmations suggest that the market could continue to drop lower, with potential targets at 1.0790 and 1.0751
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