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| EUR/USD 4-hour chart, source:forexfactory.com |
The price of major currency pair EUR/USD rebounded and broke though a short-term trend line last week. But it failed to rise over 1.07 and fell again. This drop of currency pair may be a turn of trend or be just an adjustment. Because it left long negative candle and dodge candle in 4-hour chart, the drop of price may be continued. Then next trend will be decided, up or down.
I think the main stream is fall of EUR/USD. Whenever the price rises, it is needed to watch the market with short bias. After steady rise without adjustment, it made one negative candle and one dodge candle according to the weekly chart of forexfactory.com. Of course, there will be several rebounds.
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