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 :)!
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 :)!