EUR/USD rally comes to a halt. More drop ahead?

As I predicted yesterday, the EUR/USD's rally has finally come to a
halt near the 1.2080 resistance area.

Yesterday, a bearish pinbar candlestick has formed on the daily chart
which is a significant development.

If the bears can continue their hold on this pair, a drop to 1.1850
will be increasingly possible over the next few days.

My previous signal: Sell EUR/USD@1.2075-1.2100
SL:1.2150
TP:1.1900
is still valid. Traders can also look for new sells if price action continues
to show bearishness.