EUR/USD is making new lower lows below 1.16 while the bullish divergence signs remain in place. The trend is still bearish. The price holds below the Ichimoku cloud resistance and inside a downward sloping wedge pattern.
Red lines - downward sloping wedge
Blue line - bullish divergence
EUR/USD is still in a bearish trend, making lower lows and lower highs. Although yesterday the price started strongly above 1.17, bulls could not support it and sellers pushed the price below the 1.1670-1.1660 support area. The price continues to make lower lows and lower highs. The short-term resistance is now at 1.1640 and the next one will be found at 1.1730. 1.1550 is next support. For the bigger bounce to start we need a break above 1.1740.
