EURUSD develops in a descending triangle since week beginning with current range of 1.0795-1.0830. Breakout to the downside opens way for further decline down to 1.0720.
Likely scenario is EURUSD closing above upper line of the figure at 1.0830 and rising up to 1.0900, R1 and descending trendline projection (violet).
Likely scenario is EURUSD closing above upper line of the figure at 1.0830 and rising up to 1.0900, R1 and descending trendline projection (violet).
Trade closed: target reached:
Close above 1.0900 would indicate further bullish potential for EURUSD.
