SamKent
Short

EUR/USD Price Action Analysis

FX:EURUSD   Euro / U.S. Dollar
275 1 0
Looking at the hourly chart on price action alone, it looks like the sellers have more firepower, producing 2 big down 2 hour sequences within the general consolidation range. We're looking for another small corrective move to the upside followed by a strong breakdown to the downside, if price acts accordingly we'll join the prevailing fundamental bearish trend .
I've been looking at the same pattern too, and definently agree.
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