EURUSD Coiling for Breakdown — Triangle Ready to Crack

19 godzin temu

📉 EURUSD Analysis — Bearish Breakout Setting Up

EURUSD is trading inside a tight symmetrical triangle after breaking its previous ascending channel. Price is compressing right under the Ichimoku cloud, showing weak buying momentum.

The structure suggests a bearish continuation:

The uptrend channel is already broken, shifting market bias from bullish to neutral–bearish.

Price is repeatedly getting rejected at the triangle’s upper boundary — showing sellers defending the level.

The cloud is flat and thin, signaling lack of bullish strength.

A clean break below the triangle support should trigger downside continuation toward the next demand level.


📌 Bearish Trigger

A breakout below 1.1640 with momentum confirms the sell.

🎯 Downside Target

TP: 1.1630 zone (marked on chart)


⚠ Invalid Setup

If price breaks above the triangle and closes inside the previous range, the bearish setup weakens

8 godzin temu

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