July 18, 2019 : EUR/USD maintains short-term bearish outlook below 1.1235.

Back in June, Temporary Bullish breakout above 1.1335 was demonstrated (suggesting a high probability bullish continuation pattern). However, the EURUSD looked overbought around 1.1400 facing a confluence of supply levels. Thus, a bearish movement was initiated towards 1.1275 followed by a deeper bearish decline towards 1.1235 (the lower limit of the newly-established bullish channel) which […]