Target: 1.1185
Risk: 1.1444
Technical reasons:
The EURUSD pair rebound from the strong resistance 1.1444 pushes the price to test the important support 1.1310, and the price move inside a symmetrical triangle indicates the price head to continue the main bearish trend after breaking the pattern’s support.
The bearish trend will be expected as long as the price is consolidated below 1.1444, and breaking 1.1310 will push to 1.1185.
Risk: 1.1444
Technical reasons:
The EURUSD pair rebound from the strong resistance 1.1444 pushes the price to test the important support 1.1310, and the price move inside a symmetrical triangle indicates the price head to continue the main bearish trend after breaking the pattern’s support.
The bearish trend will be expected as long as the price is consolidated below 1.1444, and breaking 1.1310 will push to 1.1185.