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swissmoneymakers

EURUSD - Descending Triangle

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Euro / Dollar AS (FX:EURUSD)  
swissmoneymakers  
FX:EURUSD   Euro / Dollar AS
Trend Analysis Chart Patterns Descending Triangle
5
0
trendanalysis chartpattern descendingtriangle
Hi Traders!
As you can see in the chart, the market is moving in a descending triangle formation.
The neckline is around the support at 1.11100 and the trendline is falling.
We here have two TP-Levels:
1. At the support at 1.10450.
2. At the support at 1.09800.
We recommend to sell the breakout of the triangle pattern.

Thanks and good luck :)!
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