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EURUSD Facing Huge Selling Pressure | July 4, 2017



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EURUSD has found new resistance zone near 1.1450 area. From this zone, this pair is facing strong selling pressure. On the chart, big bearish candle is indicated below the resistance zone. Sellers are taking the control on this pair. For short term, we should stay on sell mode.

This pair is still on uptrend above 1.1290 level. This level has become new support zone for this pair. So buyers can still waiting for bullish pull back from this zone. There is still a chance for bullish bounce back. We need candle confirmation for buy from new support zone. Otherwise, selling pressure is high. If this level is broken, more fall can be seen on this pair.



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