The previous analysis was successful, prices broke out of the range from the top.
Now, the EURUSD is facing new constraints but this time rather bearish
On one side a bearish flag (bearish continuation pattern) is being formed
On the other side a horizontal bullish resistance (bearish rebound zone) on which prices have just rebounded downwards.
Does this mean that the trend is going to go back down?
Probably, because here, it seems that buyers have disappeared from the horizon.
So bearish on the bottom but on hold at this point. The flag still needs to evolve to be complete to give the signal for a bearish recovery.