FX:EURUSD   Euro / U.S. Dollar
75 1 6
monthly there is a bullish engulfing candlestick pattern and the signal is valid.

we have not hit any of the pivotal lows yet.

i could imagine that price will hit and bounce down from one of the red price lines somewher between 1.16 and 1.26, then returns to the low at ~ 1.045 to form a double bottom and then we may be through with the downtrend

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