EURUSD: Sell Expected from resistance zone | April 10, 2017
Eurusd is now in sell mode and staying below the resistance level. On the chart, we can see that there is a resistance level at 1.0605-35. If we find any bearish candle on this level, then we should go for sell on this pair. Stop loss will be 30 pips, Target will be 40-100 pips.
Check on Daily chart, We can observe big bearish candle which suggests big bearish power on this pair. So we need to look for sell from nearest resistance level.
Still, there is no sign for buy. So if you want to buy, then you need to wait for strong bullish confirmation on h4 or daily chart. Without any bullish candle, we shouldn't take buy entry on this pair.
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