EUR/USD Potential Drop as the Price is at Historical Resistance

Historical patterns show good candlestick configuration for taking shorts. Look for rejections around M H3 1860-70. If the price stays bearish we should be seeing a good drop towards 1.1800 and 1.1750. The final target is 1.1700 where the price might be bought. However, as this is a counter trend trade, watch for 1.1800 first.

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Cheers and safe trading,



Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.