The EURUSD D1 charts are analyzed

6 Tem 2023

A descending triangle pattern (dashed black line) can be seen in the daily EUR/USD price action at present, with the 50-day moving average supporting the triangle's support. An impending breakdown of this support zone and a daily candle confirmation could confirm the formation's outcome. There is a possibility that we could see a leg lower towards 1.0800 if this happens