EURUSD Bearish engulfing and hoping for a breakEURUSD have the last three days formed a bearish price action - Bearish engulfing - on a clear resistance around 1.0520. Together with a very large spike, resistance on the channel and close below 0.382 fib, I am looking for a break of the 1.0350 support and continuation of the down trend.
I took position two days ago on 1.0500 with a SL right above the channel resistance and will use a trailing SL when braking the support on 1.0352. Will be interesting to follow the pair the next few days.
