FBS Markets Inc.

EUR/USD: all the last candles are bearish

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0712eurusdh4.png

There's still no any reversal pattern, cause all the last candles are bearish. So, the pair is likely going to continue moving down towards the closest support area, which could be a departure point for another upward price movement.

0712eurusdh1.png

We've got a bearish "Three Methods" pattern, which pushed the market lower. So, the price is likely going to continue declining until any reversal pattern forms.

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