EUR/USD has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 0.9874 within the next 2 days. Supported by Downward sloping Moving Average
Chart 4 hour
Pattern Descending Triangle
Length 29 Candles
Identified 05-Sep-2022 00:00 UTC