EUR/USD Technical Analysis

EUR/USD is dropping from the highs
The market is in a strong bearish trend
The break of the blue level is cueing for a continuation
The doors towards 1.1390 is open

DAILY CHART EUR/USD

The high of the waterfall pattern
A drop close to the blue zone
Bearish entry zone
Possible target

The EUR/USD on the daily timeframe is very bearish. The waterfall pattern suggests a strong bearish impulse and we should see the price moving don below the blue zone and towards the Q L3 camarilla pivot. At this point we could see a strong bearish impulse leading further down as we have back-to-back parallel bearish candlesticks. Targets are Q L3 camarilla pivot and M L4. 1.1485 and 1.1390.