EUR/USD 1 hour chart analysis: 60 pips fall?
Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours.
If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion
zone that I have highlighted in my chart.
So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down
to the 1.0720 level. Short-term traders can take advantage of this and bag 50-60 pips profit
from the potential fall in EUR/USD.
If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion
zone that I have highlighted in my chart.
So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down
to the 1.0720 level. Short-term traders can take advantage of this and bag 50-60 pips profit
from the potential fall in EUR/USD.
Trade active:
Sold@1.0782
Comment:
Dropped as expected, running in 20 pips profit
Comment:
