FX.co ★ EUR/USD

Hello traders, It seems that the currency pair EUR/USD has turned bearish. The price appears to have formed a reversal pattern 123 with point 2 at the level of 1.1895, which the price has already broken through. Indicators at the bottom confidently point to a continuation of the downward movement on the 30-minute chart. However, the CCI is in the oversold zone, which could indicate a possible pullback upwards. The smoothed 50-period moving average is above the price values, indicating that the current trend is bearish. Taking all this into account, I assume that the price will rise towards the level of 1.1895, and after testing it, it will head towards the area of 1.1755 - 1.1683. That's how it looks.