False breakdown and resistance line

On our chart, we see that the pair showed a false breakout and rose to the level of 1.1440. Now our lower boundary of the triangle has become the line of resistance for the pair and we expect the pair to continue its downward movement.

Starting from our lower border, we advise you to look for points for entering short positions and set take profits near the 1.1280 and 1.1240 marks.