Chart of the day

EURUSD is testing a downside resistance of 1.0755. A break below this resistance is required for us to see a test of 1.0480 and for a fifth downside wave to start.

Only in the case of a break above 1.1060, we can expect an upside reversal and an invalidation of the downside. A confirmed break below 1.0755 and after that a strong resistance of 1.0480 will mean that we are in the fifth downside wave.

_{Look for the short trades here in the case of a break below 1.0770. Long trades you can take in the case of a confirmed price action bounce.}