EURUSD: Triangle Bearish Break-out.

After breaking below the 4H Higher Low trend line (dashed line) and the 4H MA50 (blue line), the pair is now also below the 1.11015 Support, which effectively broke the Triangle (red lines) to the downside (RSI = 38.476, MACD = 0.0000, ADX = 36.881).

With the RSI on a new low for December, we are expecting a fill on the lower key Support levels, namely: 1.10675 (4H MA200), 1.10400 (December 6th Support) and 1.0990 (1D Support Zone).

This is basically a continuation of the larger picture as we presented it on the chart below, rejection on the 1D MA200, which made a new Lower Low on the 1M Channel Down:

https://www.tradingview.com/chart/EURUSD/wM0Cq5kH-EURUSD-Crossed-the-1D-MA200-Sell/





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