EUR/USD: bearish "High Wave" pattern

EUR/USD: bearish "High Wave" pattern

2003eurusdh4 (2).png

There're bearish patterns such a "Tower" and a "Shooting Star", which both have been confirmed. So, the market is likely going to test the 144 Moving Average, which could be a departure point for another bullish price movement.

2003eurusdh1 (2).png

The last bearish "High Wave" pattern led to the current decline. It's likely that the pair is going to test the next support area in the short term. If any reversal pattern forms afterwards, bulls will probably try to deliver an upward price movement.



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