Cabana Capitals Blog Technical Analysis EURUSD has broken through support

EURUSD has broken through support

EURUSD has broken through support post thumbnail image

Descending Triangle pattern identified on EURUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 1.0839 in the next 2.

Supported by Downward sloping Moving Average

Target: 1.0839 Entry: 1.0873 Stop: 1.0895

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