The Euro found support at the 100 % Fibonacci Extension Cluster yesterday and moved up to the daily 10 SMA. From there, market moved lower with strong bearish momentum and created a new daily low.
On the 4 hour chart the EUR/USD continued its downward trend with the beginning of the new 4-hour candle at 12 a.m. after the previous candle closed at the 10 and 20 Moving Average Support level (Breakout Timing).
The Euro found support at the daily S2 after clearing the stops below the important low of September the 10th (thick orange line). However, so far market did not close below this daily support (see hourly chart).
|Gartley Chart pattern|
|4 hour Euro Technical Chart Analysis|
|1 hour Euro Dollar Technical Chart Analysis|
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