Forex analytics and overview
EUR/USD Nears Critical Support as Symmetrical Triangle Narrows
2024.10.23 11:12
The market has spent the last 3 weeks depreciating within a 15-month-old symmetrical triangle. We are now getting very close to the trendline support which passes from 1.075.
This is clearly a pivot area for the pair. A rebound from here keeps the market in a larger range while a break lower opens more downside for the pair.
