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EUR/USD breaks major descending triangle support, targets 1.0550

FX:EURUSD   Euro / U.S. Dollar
1228 1 17
Chart Pattern- Descending triangle pattern

The pair has broken major support 1.0800 which confirms major trend reversal a decline till 1.07250/1.0670/1.0620.

Short term trend is still weak as long as resistance 1.09050 holds.

Any break above 1.0905 will take the pair to next level till 1.0950/1.0980/1.1000.

The minor resistance is around 1.0840 and break above target 1.08860/1.0905.

It is good to sell on rallies around 1.0795-1.0800 with SL around 1.0885 for the TP of 1.0670/1.0620/1.0550
It's on. Thanks for sharing this idea. Happy trading
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