Please be advised, this is only my analysis of EUR/USD I am no professional trader and in fact, new to this. I am learning how to trade forex right now so don't make decisions solely off my charts but please do your own work. Feel free to use what I draw up as a baseline.
Here I can see EUR/USD has peaked around $1.24000 before heading into a bearish run. as seen EUR/USD has bounced off the 0.236 line and again off the 0.786 it then continued its bearish run until bouncing of the 0.236 line once more and finding support on the 0.236. as of now it has arrived at line 0. If it pushes past and can make this line a new resistance we should be seeing a nice downtrend for aa few more days. The Ichimoku cloud is in favor of this run as well showing in the lagging line that it is in a sharp decline. The conversion lines and baselines are showing a steady decline as well. This looks to be a promising short for a long term hold.
Here I can see EUR/USD has peaked around $1.24000 before heading into a bearish run. as seen EUR/USD has bounced off the 0.236 line and again off the 0.786 it then continued its bearish run until bouncing of the 0.236 line once more and finding support on the 0.236. as of now it has arrived at line 0. If it pushes past and can make this line a new resistance we should be seeing a nice downtrend for aa few more days. The Ichimoku cloud is in favor of this run as well showing in the lagging line that it is in a sharp decline. The conversion lines and baselines are showing a steady decline as well. This looks to be a promising short for a long term hold.