EURUSD Bearish Pressure and Levels to Add Short

As we have published in our latest trade idea, after the breakout of the falling wedge pattern the pair tested 1.17200 and completed the Bearish Shark Harmonic pattern.
Our second target was 1.16500 as we have published on our website and the pair ended the week below 1.16200.

What’s next?

Midterm bearish pressure will remain under 1.18600. 1.17200 is the important resistance.
Shorter-term resistance is located at 1.16600.
Breakout of 1.16000 support will carry the price 1.15300.
1.15300 – 1.15100 interval is important. We predict the pair’s bearish move will be accelerated by the breakout of 1.15100
Our midterm target is 1.14500.
Longterm target is 1.12200.

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