Thoughts on EURUSDEuro/US DollarFX:EURUSDpinosoGood afternoon, The market for EURUSD is looking at a retracement for going bearish in 4H and it was confirmed after a diamond pattern that hasn't reached yet the TP at 1.16631 approximately. The diamond pattern means change in the trend when in 30M has been somewhat bullish and consolidated until the appearance of the pattern. However, a ABCD pattern showed and bounced exactly as predicted at a fibonacci retracement and extension of 0.5:2.0 which is peculiar pair. This gives an opportunity for a bullish position until price 1.1744. The entrance will at 1.16631 (not reached yet) and waiting for candle confirmation. Link: