@ella2000 on EURUSD | PriceONN Community

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Observing a potential descending triangle forming on the H4 timeframe for EURUSD. The lower trendline is currently around 1.1585, acting as immediate support. A confirmed break below this level could trigger a significant sell-off, potentially targeting 1.1550. Conversely, if the price manages to rebound and break above the upper trendline (approximately 1.1620), it could invalidate the pattern and signal a bullish reversal. Monitoring volume closely to confirm any breakout.
EURUSD

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EURUSD 1.16122 -0.16%
GBPUSD 1.34282 -0.26%
USDJPY 159.86750 -0.01%
XAUUSD 4,467.70 -0.45%
XAGUSD 73.18 -2.55%
BTCUSD 64,041 -5.25%
SP500 6,572.87 +0.74%
BRENT 99.83 +0.96%
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