EURUSD is facing long-term resistance
EURUSD is testing the long-term falling trendline. For the upside extension from here, we need to see a price action break above the 1.15000. For a downside reversal and higher probability short trade entries, we need to see a break below the 1.13400. Pair reached previously 1.14800 long-term falling trendline in a pullback from a downside swing. The overall medium-term trend is sideways and a confirmed break below 1.13400 could be used as a long trade opportunity.
Note – We are inclined to short trade entries here with the stop loss above 1.14800
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