For the intraday bias, the EURUSD is now showing strong surges and projecting a strong bearish signal in its hourly chart, despite prices are now oversold and dropping at 1.3183, as prices are currently moving at 1.3183 and hitting its key support line of 1.3223 and suggest that it may further drop below its key support line of 1.3166 despite its 63-day SMA (olive line) and 84-day SMA (black line) both indicating that prices have already close its bullish stance and might continue its strong bearish stance for the coming hours. Its three brother bearish pattern is already in place, with its 5-day EMA, already penetrated the 21-day SMA lines indicating the start of its bearish stance. The Bollinger Bands (21) is showing support for its bearish stance as its upper channel is opening its bands in order to make room for prices to drop further.
