Hello Vlad and others,
Look at the chart. We have a retracement underway and we should get to 3475-95 where I would try to search for shorts. 3515 should be stop as we dont want to see the price above 3515 for bearish action. 3515 meets a confluence with my red level up there. Also comparing the rise to drop, drop was much faster and that is also a sign of a bearish market. EURUSD dropped out of channel and now h4 candle is trying to make engulfing pattern. I will watch for 3470-95 as the top for this retrace.
Look at the chart. We have a retracement underway and we should get to 3475-95 where I would try to search for shorts. 3515 should be stop as we dont want to see the price above 3515 for bearish action. 3515 meets a confluence with my red level up there. Also comparing the rise to drop, drop was much faster and that is also a sign of a bearish market. EURUSD dropped out of channel and now h4 candle is trying to make engulfing pattern. I will watch for 3470-95 as the top for this retrace.