EUR/USD: bears going to move on

EUR/USD: bears going to move on

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We've got bearish patterns such a "Shooting Star", a "Three Black Crows" and an "Engulfing", which all have been confirmed enough. So, bears are likely going to continue pushing the price lower, which means we could have a new local low soon.

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There's a confirmed bullish "Harami" on the 55 Moving Average. Therefore, the price is likely going to test the nearest resistance level, which could be a departure point for another decline.

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