Note On Charts: First step in your trading success mean that you are trading with a broker that offers ‘New York Close Charts‘, (a true 5 day chart with the New York Close). You Can Download a FREE Charting Platform used for this analysis HERE.
Summary: New monthly candle is closed, weekly turned bearish?
Trade Idea: According weekly chart price is at decision level, we have to wait for a price action sell signals on daily chart or on lower time frames H4 or H1. It depends on your trading system.
EURUSD Monthly: Potential bounce up is very possible
EURUSD Weekly: Pinbar created as retest of trend line says price rejected higher levels