EURUSD Coiling for Breakdown Triangle Ready to Crack
EURUSD Analysis Bearish Breakout Setting Up
EURUSD is trading inside a tight symmetrical triangle after breaking its previous ascending channel. Price is compressing right under the Ichimoku cloud, showing weak buying momentum.
The structure suggests a bearish continuation:
The uptrend channel is already broken, shifting market bias from bullish to neutralbearish.
Price is repeatedly getting rejected at the triangles upper boundary showing sellers defending the level.
The cloud is flat and thin, signaling lack of bullish strength.
A clean break below the triangle support should trigger downside continuation toward the next demand level.
Bearish Trigger
A breakout below 1.1640 with momentum confirms the sell.
Downside Target
TP: 1.1630 zone (marked on chart)
Invalid Setup
If price breaks above the triangle and closes inside the previous range, the bearish setup weakens