Hi Guys,
EURUSD has formed perfect ascending triangle and most of the times ascending triangle breaks out downwards. Here in the above chart we have strong close below the support trendline of ascending triangle, so we may expect direct move downwards to retest the earlier lows 1.0910's. Even if you draw an abc correction wave it matches with our breakout triangle direction, so if its not false breakout in EURUSD we may see a move downwards in coming days.
Lets wait n watch....
Hit Likes if you agree...Thanks for your support...
Happy Trading !
EURUSD has formed perfect ascending triangle and most of the times ascending triangle breaks out downwards. Here in the above chart we have strong close below the support trendline of ascending triangle, so we may expect direct move downwards to retest the earlier lows 1.0910's. Even if you draw an abc correction wave it matches with our breakout triangle direction, so if its not false breakout in EURUSD we may see a move downwards in coming days.
Lets wait n watch....
Hit Likes if you agree...Thanks for your support...
Happy Trading !
