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.


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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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