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FX.co ★ EURUSD M5: Bearish Rectangle

EURUSD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the EURUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.1660–1.1660 and the upper boundary at 1.1667–1.1667. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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