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The Bears Are Back! EURUSD (H4) 3 Jan 2022

Oleh RCtrader2
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If the bulls were to make a move then they had to keep the ground at 1.1340. Unfortunately, they didn't, and my thoughts are that we will see a lower low this month, somewhere close to 1.1100.
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Our next target is 1.1190 or lower!
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I suspect we won't have much movement today. The price will most likely consolidate.
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Looks like bears try to prove me wrong.
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Poor US data is giving some momentum to bulls.
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The price is back in the pennant. I suspect it will break out again tomorrow after the release of the NFP.
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We are out of the downtrend channel.
analysisChart PatternsEURUSDeurusdshortSELLshortsignalTrend Analysis
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