FX.co ★ EURUSD M15: Bearish Rectangle

EURUSD M15: Bearish Rectangle

Bearish RectangleAccording to the chart of M15, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1874 - 0.0000 and support 1.1860 – 1.1860. In case the resistance level 1.1860 - 1.1860 is broken, the instrument is likely to follow the bearish trend.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the patterns list Go to graph