Are EUR/USD bears back in action.. already ?

EUR/USD is trying to bounce away from resistance line that has been previously tested and has seen some fakeouts as well. However, we believe that this time price will go down as it is general downtrend for this pair and indicators is signaling us that price is loosing its momentum. But if the price somehow manages to break this horizontal resistance then there is a chance we could go higher in quicker manner. Let's wait and see what will price do now. For better entry we need to wait for next 2 or 3 candles to close and then we could tell better what will price do.

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