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TheAnonymousBanker

EURUSD: Technical rebound in short term?

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
TheAnonymousBanker Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
19
3
trendanalysis chartpattern waveanalysis
From a technical point of view, on 1H chart we have a support area around 1.0550, and some corrective structure like a ABC Pattern is possible. Having said that, the trend is bearish, so we consider this corrective structure as a technical rebound, at least for the moment.

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📊 For Bears Scalper (5' Chart):
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📊 15' Chart:
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