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fxJun 8, 2026, 1:46 AM

EUR/USD Breaks Below Contracting Triangle, Bearish Signs

EUR/USD slipped below a contracting triangle pattern with support at 1.1595 on the 4-hour chart, showing bearish signals as it trades under the 100- and 200-period simple moving averages.

EURUSD

The EUR/USD pair declined further, breaking below a contracting triangle formation on the 4-hour timeframe. Support was located at 1.1595.

The pair now exhibits bearish momentum, trading below both the 100-period (red) and 200-period (green) simple moving averages on the 4-hour chart. This technical setup suggests potential for additional downside.

Source: FXStreet Forex News