EUR/USD Technical Analysis

Bearish rejection as analysed
EUR/USD is very bearish
Possible retest of order block
W L5 has been reached

Bearish order block
Breakout
Retest
Target

The price is in downtrend. There is nothing bullish here. As shown in the previous analysis, the EUR/USD went exactly as expected. The Weekly target has been reached. As you can see in the picture the W L5 has been reached already 1.1546 and the price now is trying to go for a retest of a bearish order block.ﾂ If the market doesn't break higher above the D H3, we should see another move down below the point 2, towards point 4. D L4 - 1482. Sell the rallies and keep the shorts running is the strategy to go with.