Still bearish. Actually targeting somewhere to the downside.
Comment:
On the higher time frame
Comment:
Eurusd is clearly in a downward channel. There's nothing bullish in here at this time. If the price changes direction next week there will be a little chance to see a bounce back up inside the channel. Otherwise we will see the price inside this box on my previous picture.
Comment:
Also, if there's a reversal up on the red line this is in my opinion more bearish than bullish because we will have a perfect bearish structure. Let's say that the price bounces off the red line and goes to the upper teal line. We'll probably see the price fall inside the box. Conclusion: the eurusd have much chance to finish inside this box sooner or later before we see 'maybe' a real reversal but that's not the point at this time.