EUR/USD Is Falling

EUR/USD has been moving to the upside for the past month or so, but recently the upward trend started showing signs of exhaustion. The pair formed several candlesticks on both the daily and weekly time-frames that were a clear signal for an impending move to the downside, namely a shooting star and a hanging man candlestick on the former and another hanging man candlestick on the latter time-frame, all of which are under the resistance at 1.0830. What is more, the pair broke below the support at 1.0700 today and it will likely continue moving to the downside, at least until it reaches the next significant support level at 1.0570. A breakout below that level could lead to a further move to the downside in the long term towards the previous low at 1.0340