FX.co ★ EURUSD M5: Bearish Symmetrical Triangle

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.0433/0.0000 and upper border is 1.0393/0.0000. The pattern width is measured on the chart at 40 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURUSD breaches the lower border, the price could continue its move toward 1.0418.