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Jun 16 - 02:55 AM

EUR/USD - Chart Very Bearish, Expect A Much Bigger Drop

By Martin Miller  —  Jun 16 - 01:50 AM
  • Trader costs climb to insure against a EUR/USD slump nL1N2Y121A

  • Three black crows candlestick pattern formed on the daily chart nL1N2Y015S

  • Large black candles appear in a row last Thursday, Friday and this Monday

  • That is highlighting the increasing dominance of bears over this market

  • Bears need to be a sustained break below 2022 1.0349 and 2017 1.0340 lows

  • That would increase the odds of an even bigger EUR/USD slide in coming days

  • EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2Y20FR

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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