looking at the eur/usd chart using ichimoku gives a more objective assessment, on this chart you can see the ichimoku cloud is also condensing downwards, with the press & kijun also seen dropping sharply downwards. This indicates a strong selling pressure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.