EUR USD triangle bearish breakout

2018년 12월 14일

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