Dear traders, EUR/USD has been struggling to break the 1.0785 level for the last 12 hours. If you look at the hourly chart, you can see plenty of bearish candlesticks in the congestion zone that I have highlighted in my chart.
So, based on the above, if the price doesn't break the 1.0785 level, EUR/USD can fall back down to the 1.0720 level. Short-term traders can take advantage of this and bag 50-60 pips profit from the potential fall in EUR/USD.