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EURUSD Outlook: Bearish Engulfing on H4 | December 28, 2016



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Eurusd is still on side way zone. We can see on the chart, this pair is moving between 1.0366-1.0480 level. On the upper level, this pair tried several times. On the chart, we can see a pin bar from upper level. Now we can see bearish engulfing pattern. This can be indication for bearish bias on this pair. Sellers seem to be strong now. So we may see down side breakout in short time.

So if we get downward breakout, then we can expect more fall on this pair. Traders need to wait for clear breakout on this pair to get entry on this pair


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