EUR USD triangle bearish breakout
EUR/USD broke below the symmetrical triangle it has been stuck in for around two months on the 4 hour chart following disappointing economic datas in Europe, which decreased the probability of a rate hike by the ECB in 2019. A weekly close below the highlighted area might indicate a continuation of the downtrend and a lower range for the pair. Next target for bears is the 2018 low near the 1.12 figure
Ramzi Abou Abdallah, CFTe, CMT
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