EURUSD, DAILY TECHNICAL ANALYSIS

The pair is congesting in a descending triangle marked by trendlines S and R after retest of broken trendline  support marked X which is now  a strong resistance zone. If the pair moves and closes above R then the trendline X zone will be the target.  The movements within the triangle show a large bearish bias, but this can only be confirmed by break and close below trendline Support marked S. The first target will be the previous lows in a support zone around 1.0633 marked by T.