FX:EURUSD   Euro / U.S. Dollar
83 0 2
Price is bouncing between a downward parallel channel forming lower highs and lower lows. The most recent bounce of resistance formed a shooting star candle followed by some bearish candles. On the 1 hour chart, there are at least 4 bearish engulfing candles which confirms the downward move. Stochastic indicator is also in a steep downfall on the 4 hour chart.
Trade closed: stop reached: Trade s reached SL but I believe the reason for this was because of the news. Bearish movement seems to be continuing afterwards so I will monitor this to see the overall outcome.
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