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TheAnonymousBanker

EURUSD: Bearish consolidation in near term?

Short
Euro / U.S. Dollar (OANDA:EURUSD)  
TheAnonymousBanker Updated   
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Elliott Wave eurusdprediction EURUSD Forex forexsignals harmonicpattren elliotwaveanalysis elliottwaveprojection priceaction priceactionanalysis
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trendanalysis harmonicpatterns elliottwaves eurusdprediction eurusd forex forexsignals harmonicpattren elliotwaveanalysis elliottwaveprojection priceaction priceactionanalysis
Hi everyone!
Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.

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By Anonymous Banker
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