Short EUR/USD off of 1-hr. chart. Bearish Butterfly pattern completed between 1.272XA & 1.618XA levels. Evening Star candlestick pattern (with Shooting Star as the middle candle) completed on Friday afternoon. EUR/USD has been in a sustained downtrend for awhile now. The trend will reverse at some point of course but we have to trade these Bearish patterns until there is a more significant reason to go Long the Euro.
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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.