EURUSD Formed a Engulfing pattern on weekly role reversal area. Price rejected the area quite significantly with a big engulfing candle. We saw a bear rally right from the beginning of the week and EURUSD had no support, 5 day straight bearish candle formation and closed on a daily support zone. Price might get some retracement from here. Trend likely to shift on EURUSD.
Price at daily support zone and channel support.