EURUSD Bearish

Price is rejected and pushed to the downside after retesting the red resistance zone.

Currently, although price is moving downside, it is still moving on the ascending trend line. But if we take a deeper look, price has been deviated too much from the trend line and approached to the resistance barrier.

Before jumping into any sell position, we should wait for a bearish pattern creation or any other bearish confirmation signals first.

If price makes a reversal double top pattern in 1H or breaks the support level strongly and closes a bearish candle below the yellow marked level, I expect a drop on EURUSD towards the trend line.