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EUR/USD down trend in 1 hour chart
Tuesday, August 4, 2015 14:17
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Trend is bearish in 1 hour chart of EUR/USD currency pair. Since yesterday, price is heading lower and important resistance is present at 1.1113 price level. Based on bearish Elliott wave count, expect price to drop towards 1.0850 price level and this information offers a sell trading chance to join the down trend. If bullish candlestick closes above 1.1113 critical resistance level then down trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.
Source: http://www.fxinstructor.com/blog/eurusd-down-trend-in-1-hour-chart-2
