Here we might have a very big sell on eurusd based entirely on structure. We can very well see that eurusd has an impulse coming down from the left which is indicating possible future bearish momentum. Now as you can see price has formed a continuation pattern on the downside. Two possible structures are possible first one being a bearish triangle and second being a bearish flag. If price is able to break the lowertrendline then we have a simple abc where as if price is unable to break it and bounces to the top, we might just have a bearish triangle. Overall the trend is down.
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