EUR/USD: price going to continue declining

EUR/USD: price going to continue declining

0611eurusdh4.png

There are bearish patterns such a "Shooting Star" and a "Tweezers", which both have been confirmed. So, the market is likely going to continue declining towards the next support area in the short term.

0611eurusdh1.png

The 89 Moving Average has acted as resistance, but there's a bullish "Hammer", which has been formed at the local low. Therefore, we could have a local upward correction and the following decline afterwards.

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