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EUR/USD long-term bear pennant looking solid

Friday, June 19, 2015 1:45 PM UTC

EUR/USD rally stalls on June 18, halts at bear pennant top, forming since Feb
A long upper wick forms on Thurs candle, sees downside follow through today
Daily RSI bearish & monthly unwound some oversold, won't impede losses
Long-Term bear pennant looking solid now, upon completion pair should break lower
Suggests new lows to be made once pattern completes
Above 1.1530 dents long-term bear view

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EUR/USD long-term bear pennant looking solid

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