- EURUSD 4 Hour chart shows price breaking the recent low.
- Month chart continues to favor bears of this pair. 1.07 levels are likely to be tested soon
- Daily chart shows pair selling off or becoming weak as it nears the cloud.
- Weekly upper shadows and Bearish Engulfing patterns are giving some hope for bears.
- But bears need to stay below 8913 and 8885 on closing basis to extend this correction
- Bulls need to stay above 8965 levels to negate this bearish price action.