EUR/USD near resistance level. Will it break or fall?

Looking at the daily chart of EUR/USD it seems that it is about to hit the resistance level. Notice that the pair has been attracted to the Kijun Sen line from the support level to near resistance level. Is this a good time to short?

A bearish sentiment is still there even though there was a rally. Based on Ichimoku system the pair is still in a downward trend and the Kumo may prevent it to go up further.

Caveat!

Leave a Reply