EUR/USD continues to test strong resistance, remain bearish




The price continues to test our resistance and selling level that we are waiting for a reaction. We remain bearish today looking to sell below 1.11744 resistance (Fibonacci retracement, horizontal recoil of the resistance, the bearish divergence) to push down for at least 1.1653 of support (Fibonacci extension).

Stochastic (21,5,3), it is to see the great strength below 95%, and we expect a corresponding reaction from this level. We can also see the bearish divergence vs. the price of signaling that a drop is imminent.

Sell below 1.1744. Stop loss is to 1.1793. Take profit is at 1.1653.



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