EUR/USD Charts Bearish Reference Candle
The below is the daily chart of the EURUSD. Last week Wednesday’s candle looks like a bearish reference candle (blue arrow). I.e. a candle that has lower highs on either side of it. Moreover, Friday’s candle closed below the low of the reference candle (green horizontal line). This gives weight to the bearish reference candle scenario. This is also supported by the RSI(9) which is under 50 and indicative of an underlying bearish scenario (blue rectangle).
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