eur-usd-4HourTrend is down in four hours chart of EUR/USD currency pair. Important resistance is present at 1.1712 price level. Since last week, price is moving up which looks like bullish corrective wave pattern. Based on Elliott wave count, I expect price to rise up towards 1.1625 price level in coming trading days. However; only look for sell trades as the overall trend is still down. If price breaks above 1.1712 resistance level then bearish trend is going to end. In such case, I stay out of the market and redo my analysis in EUR/USD currency pair.

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