EUR/USD: "Dark Cloud" increasing bearish pressure
There’s an upward correction, but the main trend is still bearish. Also, we’ve got an “Inverted Hammer”, which has been confirmed enough. So, the market is likely going to test the closest “Window” once again, which has enough power to reverse the price movement into the direction of the last low. As we can see on the Daily chart, we’ve got a “Three Methods” here, which gives bears a reason to move on.
The price found a resistance on the 55 Moving Average, which brought a “Dark Cloud” pattern, but it hasn’t been confirmed yet. Therefore, if we see a pullback from the 55 Moving Average, there’ll be an opportunity to see the market lower very soon.