EURUSD Daily Analysis – December 7, 2018

EURUSD moved sideways in a triangle pattern on its 4-hour chart. A breakout of the upper line of the pattern could take the price to 1.1600 area. On the downside, a breakdown below the bottom support line would indicate that the downtrend from 1.1815 (Sep 24 high) has resumed, then next target would be at 1.1100 area.

EURUSD 4-hour chart