FX.co ★ EURUSD M30: Bearish Rectangle

According to the chart of M30, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1718 - 0.0000 and support 1.1695 – 1.1695. In case the resistance level 1.1695 - 1.1695 is broken, the instrument is likely to follow the bearish trend.