EURUSD under bearish pressure
• Likely to fall to support level 1.0775 and below as indicated in chart on 4hr chart.
EURUSD under the bearish pressure after the price reversed down from round resistance level 1.1000 , touching the upper daily Bollinger Band.
The downward reversal from the resistance level 1.1000 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – which stopped the earlier impulse wave (iii).
• Likely to fall to support level 1.0775 and below as indicated in chart on 4hr chart.
EURUSD under the bearish pressure after the price reversed down from round resistance level 1.1000 , touching the upper daily Bollinger Band.
The downward reversal from the resistance level 1.1000 created the daily Japanese candlesticks reversal pattern Dark Cloud Cover – which stopped the earlier impulse wave (iii).