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EURUSD rejection candle on resistance | July 10, 2017



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Eurusd formed a big bearish candle on resistance zone at 1.1440-50. This zone will act now for new resistance area for eurusd. So traders need to mark this zone. If this pair stays below this area, then we can take a short-term sell signal. SL will be above the resistance zone. TP will be 40-70 pips. 

Overall, this pair is in buy mode. So this pair can break the resistance and then we need to take buy entry. If we get some retrace on this pair, then we can take buy entry also. 1.1320-30 level can be good buy zone for this pair. At that time, SL will be 1.1300, TP will be 30-100 pips.

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