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 neutral–bearish.
Price is repeatedly getting rejected at the triangle’s 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
