EURUSD: Breakout & Bearish Continuation

Short

Euro / U.S. Dollar (OANDA:EURUSD)

Updated

OANDA:EURUSD Euro / U.S. Dollar

Trend Analysis Chart Patterns Wave Analysis euro DJ FXCM Index Forex EURUSD trading Technical Analysis forecast swing

trendanalysis chartpattern waveanalysis euro usdollar forex eurusd trading technicalanalysis forecast swing

snapshot

EURUSD is trading in a local bearish trend.

The price is following a falling trend line for quite a while
and for now, it serves as a strong resistance.

This week the price was consolidating within a descending triangle.

Yesterday its support was broken and now we see a retest.

Chances are high that EU will drop now.

First goal - 1.184

Comment:

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