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EURUSD broke down from a descending triangle 9 days ago under a weekly downtrend. Above 1.15728 the break has failed.

EURUSD=X · DAILY · read on 2026-10-01 · Broke below 1.15728 9 days ago. No retest yet.

What the read found

Trend: a series of higher highs and higher lows over the window, 3 steps across 59 bars — and that run is OVER: price closed below the last higher low 12 bars ago. Do not describe it as a trend that is still running.
Formation: descending triangle — Broke below 1.15728 9 days ago. No retest yet.
Decides above: 1.15728 (the breakout)
Decides below: 1.13133 (the measured move)
Resistance: 1.13182
Resistance: 1.13718
Level history: The last two times price reached 1.13182 it held once, bouncing 1.4%.
Level history: The last five times price reached 1.13718 it held 4 times, bouncing 1.1% on average, and broke through once.

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Every figure on this page was computed from the real candles up to 2026-10-01. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns