X5

EUR/USD W1

Short
X5  
FX:EURUSD   Euro / U.S. Dollar
It looks like a Bullish Shark pattern projection (yellow), but support on 1.0522 making it uncertain. If you take a look at the segment BC, it could be sign of an ABCD bearish pattern pointed to the 61.8-78.6 Fib (1.1258 – 1.1458). Overall and taking considerations of the pattern on the monthly chart, the pair prevails in a downtrend, so it would be better to wait for a clear short setup.

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