Bearish candlestick formation in the daily chart, price may drop
Dear traders, as a continuation of my previous idea, I am adding further relevant points
and updating the EUR/USD idea in view of the current developments in the market and also
adding a possible trade signal.
In the daily chart, you can see that bearish candlesticks have formed in the resistance level.
This is a strong indicator that price may drop further in the coming days.
If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart,
I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04
and updating the EUR/USD idea in view of the current developments in the market and also
adding a possible trade signal.
In the daily chart, you can see that bearish candlesticks have formed in the resistance level.
This is a strong indicator that price may drop further in the coming days.
If EUR/USD is unable to break the resistance level that I have highlighted with a circle in my chart,
I would advise traders to short EURUSD@1.07-1.0760 with SL above 1.08 and TP at 1.04