@ella2000 on EURUSD | PriceONN Community
E
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.