Trend is bearish in EUR/USD currency pair in 4 hours time frame. Key resistance level is present at 1.1128. Based on Elliott wave analysis, I expect price to stay below 1.1128 resistance level. Current price action offers a sell trading chance to join the down trend.*If bullish candlestick closes above 1.1128 resistance level then down trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.


More...