First bearish point crossed. Further confirmation needed. Short.

7 ส.ค. 2018

The first critical point = 7.0870 has been crossed and the first curve has been broken. However as you see on the chart, EOSUSD is again consolidating (ADX = 33.507) supported by a new eclipse pattern but still within the 1D Channel Down (RSI = 38.118, MACD = -0.336, Highs/Lows = -0.3314, B/BP = -0.7181). If 7.4356 holds as a Resistance, then I expect the eclipse to break and cross the final bearish confirmation point = 6.5500. We expect an accelerated fall from then, therefore staying short with TP = 5.9782 and 3.8925 in extension.