On the EUR/USD daily chart, the bulls for the third time tried to push the quotes above the 1.0635 level (23.6% of the last long-term downward wave), but their attempt has failed.
This tells us about the weakness of buyers and increases the risks of the restoration of the bearish trend towards 88.6% and 113% targets in the Shark pattern.
On the EUR/USD hourly chart, the consolidation stage in the downward trend may come to an end in case of a successful test of the support at 1,0497. In such scenario, the AB = CD pattern with 200% target will be activated.
Recommendation: SELL 1,0495 SL 1,055 TP1 1,038 TP2 1,035 TP3 1,028.
Origin: FX BAZOOKA
