In the last 24 hours the euro rebounded slightly against the dollar. Yesterday, at the same time the EURUSD trading at 1.1540, and now - at around 1.1595. However, I believe that it is not me t "bearish" sentiment in EURUSD on heavier timeframes . For example, at the four-hour timeframe (H4) EURUSD pair is stored in the "descending triangle":
The graph shows that EURUSD bounce off the triangle's bottom line to the top line of the triangle. As before, I guess at the level of 1.1640 resistance for the growth of the euro, about which I wrote earlier, remains relevant.
Also, the "bearish" sentiment in EURUSD is confirmed at the moment and on the weekly chart. From the point of view of candlestick analysis, for W1 current candle is retained within the body of the previous candle:
On the candle chart shows that the current candle is not even exceeded the mid-body of the previous candle. So I save my "bearish" sentiment in the pair EURUSD.
Analysis and forecast pair EURUSD Veslin Petkov Alpari