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T3-Consultancy

EURUSD H1: Bearish outlook seen, further downside below 1.0760

Short
Euro / U.S. Dollar (FX:EURUSD)  
T3-Consultancy  
FX:EURUSD   Euro / U.S. Dollar
Harmonic Patterns Trend Analysis Chart Patterns DJ FXCM Index EURUSD eurusdshort eurusdbearish Forex forexsignals forextrading
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harmonicpatterns trendanalysis chartpattern usdollar eurusd eurusdshort eurusdbearish forex forexsignals forextrading
On the 1H timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 1.0820, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the support zone at 1.0760. Price is holding below ichimoku clouds and MACD is showing bearish momentum, supporting our bearish bias.
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