The price for EURUSD is currently at a weekly resistance level.
Also, there is a weekly Doji candle close which
shows that there is indecision in the market now (upward momentum could be dying down).
Currently the price is still bullish on the 4-hour timeframe but it is already showing signs of weakness.
The SHORT confirmation would be for the price to close below the wedge like pattern.
Also, there is a weekly Doji candle close which
shows that there is indecision in the market now (upward momentum could be dying down).
Currently the price is still bullish on the 4-hour timeframe but it is already showing signs of weakness.
The SHORT confirmation would be for the price to close below the wedge like pattern.