Bearish Trend in EUR/USD Chart: Potential Downward Movement towards 1st Support at 1.0847

EUR/USD chart shows a bearish trend with potential for further downward movement towards the 1st support at 1.0847.

The 2nd support at 1.0789 aligns with Fibonacci confluence.

Resistance levels at 1.0911 and 1.0995 act as overlaps, supported by Fibonacci confluence.

A symmetrical triangle pattern suggests consolidation, with a breakout indicating bullish or bearish direction.

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Topics

chart eur/usd consolidation breakout resistance bearish trend Support downward movement symmetrical triangle pattern Fibonacci confluence bullish direction bearish direction