EURUSD Descending Triangle

 

EURUSD Descending Triangle 

In my last post on EURUSD, I did pointed out a bearish structure on the H1 time frame and wrote that price action within the zone is critical for next directional move. 

Now I think that zone as produced something that may clear the path to the next directional move. A break above top or below bottom. Considering the EUR is currently stronger than the USD a break above top should produce better result, while a break below will strengthen USD

Note USD Strength as been recovering in the last about 30 hours.

Comments