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EURUSD: Rejection from 1.0710 resistance | March 13, 2017



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Eurusd has rejected from important resistance level at 1.0710. It seems sellers are active on this pair. On h4 candle, we can see that a bearish engulfing pattern is forming. So if it ends with bearish reversal candle on h4, then we can go for sell on this pair.
If it fails to formed engulfing candle, then we need to go for buy again for 50-100 pips target. Recently, this pair showed its bullish power. So we can stay in bullish mode for a long term. Important buy level stays at 1.0630 level.

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