EURUSD - Descending Triangle in formation
Price is struggling break resistance at 1.1626.
Yesterdays candle on the daily was bearish.
Lower Lows are forming.
Descending triangle can be seen in formation.
RSI is also forming a pennant and approaching breakout
I expect another touch at 153 Resistance.
A break from the triangle (150) should take it all the way to 134 - 130, which coincidences with the 1.618 Fib and previously lows
Yesterdays candle on the daily was bearish.
Lower Lows are forming.
Descending triangle can be seen in formation.
RSI is also forming a pennant and approaching breakout
I expect another touch at 153 Resistance.
A break from the triangle (150) should take it all the way to 134 - 130, which coincidences with the 1.618 Fib and previously lows
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