EUR/USD has been bearish for months now.
Price broke out of recently created support on the daily chart which is around 1.118 a while ago.
Price, moving in a corrective manner, has retested this previous support and has used it as a resistance as we saw strong rejections.
Price has also formed a bearish continuation pattern.
We should look to enter on any retracement or on the trendline breakout and retest.
Targets should be set at the level marked in green.
EURUSD
Price broke out of recently created support on the daily chart which is around 1.118 a while ago.
Price, moving in a corrective manner, has retested this previous support and has used it as a resistance as we saw strong rejections.
Price has also formed a bearish continuation pattern.
We should look to enter on any retracement or on the trendline breakout and retest.
Targets should be set at the level marked in green.
EURUSD
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