More EUR/USD Downside
The downtrend on the daily EUR/USD has been steady since January 15th with very little upside correction. The last bounce on this time frame occurred between January 21st to January 26th. After topping out at 1.4194, the sellers showed their determination to continue selling just in front of the 1.4200 major psychological level. So the formation of a Continuation Falling Wedge Complete Pattern is simply
another sigh of more downside to come. The Forecast area is currently plotting between the 1.3690 to 1.3440 on the daily time frame. The pattern is triggering another short sell as prices break the support
(blue) of the pattern.

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