eur-usd-1h-fxiTrend is bearish in EUR/USD currency pair in 1 hour time frame. Short term resistance is present at 1.0951 price level. Based on Elliott wave analysis, I expect price to drop towards 1.0685 price level in coming trading hours. So, as long as the trend is down, look for sell trades. However; a bullish break out in price action above 1.0951 resistance level will end the bearish trend. In such case, I would prefer to stay out of the market and reanalyze the price action.

FX Instructor Forex Blog – For Traders, By Traders

One thought on “EUR/USD Down trend in 1 hour”

  1. Artem says:

    Thank you William

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.