EURUSD has been bearish in the past few weeks and finally price could break 1.17 (weekly low) and fixed below it which was a very strong support level.
In 1H, we can see the downtrend and a correction phase in the form of a continuation triangle pattern which has been broken out to the downside.
There is a support level at 1.1665 (daily low) and price is struggling to break it but it hasn’t been succeeded yet.
If price breaks 1.1665 and closes a candle below this level, we can expect more downside move around (1.1620 - 1.16) which is the next support level.
In 1H, we can see the downtrend and a correction phase in the form of a continuation triangle pattern which has been broken out to the downside.
There is a support level at 1.1665 (daily low) and price is struggling to break it but it hasn’t been succeeded yet.
If price breaks 1.1665 and closes a candle below this level, we can expect more downside move around (1.1620 - 1.16) which is the next support level.
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