EUR/USD 1H CHART PATTERN

This EUR/USD chart shows a clear bearish setup following a break below a trendline and horizontal support. Price action suggests a descending triangle pattern with momentum shifting downward. Indicators, including moving averages and trendlines, point to a potential continuation of the bearish move. The large projected downside move is marked with measured targets, indicating strong conviction in the sell setup. The chart aligns with prior rejection points and suggests sellers are in control, aiming for key support levels. Risk management and precise entries are important, as volatility could increase near critical price zones.

Entry: 1.13640
1st target: 1.13000
2nd target: 1.12350
3rd target: 1.11200
Stop Loss: 1. 14240

Trade active

Trade active in sell

Trade closed: target reached

1st target 1.13000 reached
2nd target 1.12350 reached

Trend_logic

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Trend_logic

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