- December 9, 2025
- Posted by: EWGFX
- Category: Technical analysis
The chart illustrates a period of price action following a clear downtrend (or correction). Key technical elements identified are:
Resistance Zone (Green Line): A horizontal area where selling pressure emerged, around the 1.3360 level.
Support Zone (Red Line): A level where buying interest repeatedly appeared, close to 1.3300.
Consolidation/Pattern: The price appears to have consolidated within a range, possibly forming a descending triangle (indicated by the red dotted line connecting lower highs and the horizontal support zone).
Breakdown and Measurement: The price eventually broke below the support zone. A vertical measurement (blue lines) was taken from the high to the low of the pattern and projected downwards from the breakdown point, which set the TARGET price.
Target Achievement: The text “we got our target” and the arrow pointing toward the current price action suggest that the projected bearish target of approximately 1.3300 was successfully reached after the breakdown. The price is currently shown near 1.3329.
The chart essentially documents a successful short-term bearish trading opportunity based on a technical pattern breakdown.