FX.co ★ EURUSD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1458/1.1473, while its upper boundary passes through 1.1491/1.1473. The pattern width is 33 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURUSD breaks below the lower boundary, the price could move toward 1.1458.