Hammer Candlestick in the Daily Filter Chart

EUR/USD first formed a marubozu, then a hammer candlestick pattern on the daily filter chart and naturally bounced back. It appears that the current target is around 1.2640. However, I do not think we can talk about a reversal yet – I believe this is just a temporary pullback and the EUR/USD descent will continue, as the trend is still very much bearish. If anything, this pullback might be a good opportunity to sell again, an opportunity I intend to use and use well because I still think that EUR/USD will fall at least until it reaches 1.2200.