EURUSD is expected to maintain a bearish trend following a confirmed breakout below a significant horizontal support level.
The broken structure, along with a descending trend line, creates a contracting supply zone, indicating a strong likelihood of further downward movement.
The next target is 1.1620 support
The broken structure, along with a descending trend line, creates a contracting supply zone, indicating a strong likelihood of further downward movement.
The next target is 1.1620 support
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Join our Telegram channel for daily market update 👇👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.