eur-usd-1h-fxiTrend is bearish in EUR/USD currency pair in one hour time frame. Short term resistance is present at 1.0688  price level. Based on Elliott wave analysis I think price has printed a possible Ending diagonal pattern in 1 hour chart of EUR/USD. Elliott wave count suggests that price is going to print a bottom and it is going to rise towards 1.0840 price level in coming trading days. A good idea is to wait for a bullish break out above 1.0688 resistance level and then look for a buy trading chance.

By FXOpen