EUR/USD rallied toward the 55- & 10-DMAs earlier but erased those gains

Price action almost exactly the same as what occurred on Tuesday Aug. 16

Both days a daily gravestone doji candle formed after early gains erased

Rising daily cloud base helps contain the downside but it looks vulnerable

Falling monthly RSI & consolidation of drop from Aug. 10 high are bear signs

Daily chart also shows head and shoulder top pattern is nearly complete

Break below daily cloud, support near 1.0830/40 brings 1.0635/65 into focus

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