ForexFunction

EURUSD: Formed Bearish Bat Pattern on H4

Short
FX:EURUSD   Euro / U.S. Dollar
In my previous EURUSD analysis, i mentioned about morning star from support level. This pair followed this nicely and moved 250+ pips. Now this pair has formed bearish bat pattern.
On the chart, we can see D point which is the sell point for this bearish pattern. Price has been rejected from that level and fall more than 100 pips.
Expecting more down on this pair towards new support level 1.0477

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.