@NoahC79 on EURUSD | PriceONN Community

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NoahC79 PRO newbie
EURUSD Mar 27
Looking at the EURUSD hourly chart, I'm seeing a pretty clear descending triangle pattern forming. The price is making lower highs while consistently finding support around the 1.1500-1.1510 area. This pattern usually suggests a continuation of the bearish trend we've seen lately. I'm expecting a breakdown below that support zone soon, likely triggered by further USD strength or negative economic news from the Eurozone.
EURUSD

Replies (1)

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nicole87 PRO newbie Apr 2
@NoahC79 A descending triangle on EURUSD? Interesting. I'm seeing a lot of chop around 1.1520 right now, feels more like range trading than a clear trend continuation. But hey, if you've got conviction on that breakdown, good luck.
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