FX.co ★ berta.hill | EUR/USD

Hello traders ! Wishing everyone good luck and prosperity in trading. The trading pair is EUR/USD. **Daily timeframe:** The price in the last current candle showed bullish weakness or at least inefficiency. This is evident as the price gained significant momentum for long positions but failed to break above the long zone at 1.17851. In reality, we have a doji, somewhat resembling a bullish pin bar, but in this situation, it's hard to consider such a candle seriously. This bullish weakness is a sign of a price reversal to the short side. Of course, one can expect some bullish impulse in this situation. However, the price won't be able to go higher as the bears will not allow it. There are sellers waiting above who have not fully entered the market for selling, and the price can't move higher above the level of 1.17851.

**H1 timeframe:** The situation is interesting as the price approached this important zone at 1.17851 twice for long positions and failed to break through. Initially, the price marked one high, then there was some minor trading, a short move, and then the price made another good attempt for long. It slightly refreshed the previous H1 level, but once again, the price couldn't sustain above it. The question is, why would the price manage to do it now? The price has already formed many shadows from the highs, making it extremely difficult for it to rise further. There is a possibility that the price will show some more long momentum and then turn short. Or it might not even manage that and simply start falling into a short position.