A bearish engulfing pattern formed on the EUR/USD daily chart last week

A smaller, white-bodied candle contained by a following larger black one

Market, on Wed, broke under the 1.0895 Fibo but failed to close below

A daily close below 1.0895 Fibo needed to spark a bigger collapse

1.0895 Fibo is a 76.4% of the 1.1806 to 1.1185 (March) EBS recovery

We are looking to get short at 1.0945 in anticipation for a bigger fall

EUR/USD Trader TGM2334 Previous nL2N2W40A9