EUR/USD: a-b-c correction complete; bear trend possibly resuming

EUR/USD pulled back in an a-b-c correction on the 4-hr chart before finding resistance at the 50-4hr MA and support and resistance where it recapitulated and began moving back down again towards the 1.0520 lows. The dominant trend remains bearish and the pair will probably continue falling. A key level is the 1.0570 b-wave lows, which if breached would probably confirm a continuation down to the 1.0520 lows, possibly even to the 1.0461 March lows.

EURUSD16

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