EURUSD Hit Resistance — But the Chart Is Flashing a Warning!Euro/US DollarFX:EURUSDpejman_zwinAs I expected in the previous idea, EURUSD(EURUSD) started its upward move from the support zone($1.1684-$1.1627) and reached the full target. Currently, EURUSD is moving within a resistance zone($1.1850-$1.1765). It had a strong drop from the resistance zone, and it seems to be in a corrective phase now. From an Elliott Wave perspective, EURUSD seems to have completed its five-wave impulsive structure, and now we could expect corrective downward waves. Also, we can see negative Regular Divergence(RD-) between two consecutive peaks. I expect EURUSD to start declining again, breaking support lines, and possibly dropping to around 1.1700. Given that the DXY index(DXY) is also bullish, the probability of this analysis is higher. Target: $1.1703 Stop Loss(SL): $1.1832 What’s your view on EURUSD? Can it break the resistance zone($1.1850-$1.1765), or should we expect a decline? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Euro/U.S Dollar Analyze (EURUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.