EUR/USD more likely to "fill the gap"
Failure at the falling trend line on Friday and Monday + Monday's bearish engulfing candle followed by Tuesday's bearish engulfing/outside day candle and a bearish breakdown below the minor rising channel + rejection at the channel resistance today suggests the short-term outlook has turned bearish.
The pair could fill the gap by falling to 1.0738 (Apr 21 high).
On the higher side, only a break above the falling trend line would revive the bullish view.
The pair could fill the gap by falling to 1.0738 (Apr 21 high).
On the higher side, only a break above the falling trend line would revive the bullish view.
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