EURUSD 4hour Death Cross to send it lower.

EURUSD is close to forming a Death Cross on the 4hour time frame.

The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill.

The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross.

Today's small spike is a solid sell entry. Target 1.06500 (Support of the Rising Megaphone).

Previous chart:


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