This week's EURUSD weekly bar is a bearish outside reversal bar.
Recent weekly outside reversal bars are shown in the chart above. Since May of last year, bearish weekly outside reversal bars have tended to initiate a next leg lower, so far.
Recent weekly outside reversal bars are shown in the chart above. Since May of last year, bearish weekly outside reversal bars have tended to initiate a next leg lower, so far.