though my last trading setup on EURUSD was stopped out, I still believe that the underlined 4H structure resistance will hold.
on Friday the price has attempted to break above that but was immediately rejected by a bearish engulfing candle.
taking into consideration that the pair is locally bearish since 10th of June, chances are high that at least the current local low will be reached next week.
goal for sellers is 1.118
if only bulls break above the yellow resistance we can talk about a shift in our bias.
what do you think?