Thursday, October 15, 2026

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EUR/USD long-term bear pennant looking solid

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 lo…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • 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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By FxWirePro Team