FX.co ★ EURUSD H1: Bearish Rectangle

According to the chart of H1, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0399 – 0.0000 and upper border 1.0319 – 0.0000. In case the lower border is broken, the instrument is likely to follow the downward trend.