Not sure what to make of the euro.
We have a bearish engulfing on the daily, but we have seen an engulfing before in the last few days, and it's been stopped dead in its tracks by the line marked support. Granted, the engulfing pattern is not at the top of an uptrend, but it does signify that bears were in control for the day, and will certainly try to retain it for the following day.
I'd keep an eye on it, and if we make a clear break through the centre line, we could potentially have a 3 outside down.
We have a bearish engulfing on the daily, but we have seen an engulfing before in the last few days, and it's been stopped dead in its tracks by the line marked support. Granted, the engulfing pattern is not at the top of an uptrend, but it does signify that bears were in control for the day, and will certainly try to retain it for the following day.
I'd keep an eye on it, and if we make a clear break through the centre line, we could potentially have a 3 outside down.