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EUR/USD: developing bearish pattern

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9-2-2018-EUR-H4.png

There's a "V-Bottom" pattern, but the price is consolidating. Also, there's a possible developing bearish pattern. In this case, the market is likely going to test the nearest support 1.2164.

9-2-2018-EUR-H1.png

Bears faced with support at 1.2222, so the price is likely going to reach the closest resistance at 1.2294. If a pullback from this level happens little later on, the market will probably test the next support at 1.2211 - 1.2194.

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