On the EUR/USD daily chart, a break of resistance at 1.066 initiated a corrective movement towards the 1.077 level (78.6% Fibonacci from XA wave in “Crab” pattern) and higher.
The outlook for this pair is still “bearish”, so, pullbacks should be used for the opening of short positions.
On the EUR/USD hourly chart, the “Shark” pattern is still relevant. It allows you to identify the important resistance level at 1.077. A rollback from this mark or from the 1.081-1.0815 range (38.2% Fibo from the last downward wave) will allow to form shorts.
Recommendation:
SELL 1,077 SL 1,0825 TP1 1,05 TP2 1,022,
SELL 1,0815 SL 1,087 TP1 1,05 TP2 1,022.
Origin: FX BAZOOKA
