The Euro continues its Bullish trend, confirmed by the bottom at 1.1860 and by the current bullish pattern Broadening Wedge Ascending. (see light blue lines).
But the formation of the candlestick pattern Dark Cloud Cover at exactly an important Bearish Trendline (see red line) as resistance, and the last week closing below the support 1.2664 indicates a possible short-term bearish correction.
We see then a possible selling opportunity below 1.2612 with a projected limit at 1.2557.
While the prices are above the supports 1.2512 and 1.2483 the bullish momentum remains.
So we foresee good buying opportunities above 1.2664 and specially 1.2723.
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