Price is rejected and pushed to the downside after retesting the red resistance zone .
Currently, although price is moving downside, it is still moving on the ascending trend line . But if we take a deeper look, price has been deviated too much from the trend line and approached to the resistance barrier.
Before jumping into any sell position, we should wait for a bearish pattern creation or any other bearish confirmation signals first.
If price makes a reversal double top pattern in 1H or breaks the support level strongly and closes a bearish candle below the yellow marked level, I expect a drop on EURUSD towards the trend line
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