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FX.co ★ EURUSD M5: Bearish Rectangle

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Technical Analysis Patterns

2026-10-23T06:45:21
Signal strength 1 of 5

EURUSD M5: Bearish Rectangle

Bearish RectangleThe Bearish Rectangle has formed on the EURUSD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.1216 and its lower boundary is at 1.1207. A short position may be considered once the price closes below the lower boundary at 1.1207 of the Bearish Rectangle.
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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