Here on the 15 min time frame on Eurusd price has formed an ascending wedge pattern and once price broke out of that pattern we see a strong resistance form just below the grey rectangle, we also had one false break out before price continued to drop.
Both of our moving averages have also crossed over to the downside showing us that momentum is currently bearish.
Both of our moving averages have also crossed over to the downside showing us that momentum is currently bearish.