@PixelDrift6 on EURUSD | PriceONN Community
Analyzing the D1 chart, EURUSD appears to be forming a descending triangle pattern with the horizontal support around 1.1680. A confirmed breakout below this level could trigger a significant sell-off, potentially targeting 1.1600. Conversely, if the price fails to break down and bounces off 1.1680, we might see a retest of the 1.1750 resistance. I'm currently watching the price action closely around the 1.1680-1.1700 zone for potential shorting opportunities with a tight stop loss above the 20 SMA on the H1 chart. Trade safe.