EURUSD Daily Analysis – December 6, 2018

EURUSD formed a triangle pattern on its 4-hour chart. Support is at the bottom trend line of the pattern, a breakdown below this trend line could signal resumption of the downtrend from 1.1815 (Sep 24 high), then next target would be at 1.1100 area. Resistance is at the upper line of the pattern, a breakout of this trend line could take the price into 1.1600 zone.

EURUSD 4-hour chart