FX.co ★ EURUSD M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1517/1.1528, while its upper boundary passes through 1.1538/1.1528. The pattern width is 21 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURUSD breaks below the lower boundary, the price could move toward 1.1513.