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Dec 30, 2016 4:47 AM

EURUSD: Formed Bearish Bat Pattern on H4 Short

Euro Fx/U.S. DollarFXCM

Description

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
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