EURUSD fell sharply lower last week so price is now finally trading down into wave D, as part of a higher degree triangle that could be looking for a possible reversal at 1.0820 swing support from a few months back. Despite very strong decline we have to consider a bigger structure which is showing a ranged price action, so it’s still a triangle in progress with wave E yet to come. That said, we have to be aware of even more sideways price action before real bear market will show up by the end of the year.
EURUSD, Daily
Triangle Pattern:
