EUR/USD: bears going to push the market even lower

EUR/USD: bears going to push the market even lower

EUR/USD: bears going to push the market even lower

The price met with the nearest resistance and we don’t have any bullish pattern so far. In this case, bears are likely going to test the nearest “Window”, which could be a departure point to an upward correction.

 

EUR/USD: bears going to push the market even lower

We’ve got a bearish “Harami” and an “Engulfing”, which both have a confirmation. Also, there’s a resistance by the closest “Window”. Therefore, the market is likely going to continue falling down during the day.

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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