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Euro / U.S. Dollar
Short

EURUSD: What to expect next week?

By VasilyTrader
Updated
snapshot


Descending triangle pattern formation on EURUSD.
It is a classic reversal pattern and price consolidates around structure support setting higher lows.
The technique of trading this pattern is similar to any classic reversal pattern.
We wait until break and close below the support.
Then we can short.
T1 - 1.112
T2 - 1.106
Note
Attempting to break below the structure
Wait for a candle close
Chart PatternsdollarEUReuroEURUSDForexshortTechnical AnalysistradingTrend AnalysisUSDWave Analysis
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