The ECB accelerated the tapering of its bond purchase program. EUR/USD rose by 80 pips because of this news, but by the end of the day pulled back and closed with a black candle. It seems that the pair is purposefully moving towards 1.0825, the breakdown of which will result in a decline to 1.0636/70.
In the four-hour chart, the pair is on the balance (red) and MACD (blue) lines, with the Marlin oscillator approaching zero. Passing it will be a sign for a transition to a downward trend in the short term. A dip below the indicator lines will also be a sign of a shift to a bear market.
