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The EUR/USD has fallen perfectly as expected, stay bearish — Forex Stock Trade




The EUR/USD has fallen perfectly as expected, stay bearish




The price is falling perfectly in our sales area. We remain bearish looking to sell below the major resistance at 1.1994 (Fibonacci extension, Fibonacci retracement, horizontal overlap of the resistance) and we expect a further reduction of this level to push prices down to at least 1.1838 of support (Fibonacci extension, horizontal swing low support, Fibonacci retracement).

Stochastic (55,3,1), it is to see the great strength below 95%, if the stochastic has good potential drawback.

Sell below 1.1994. Stop loss at 1.2035. Take profit at 1.1838.



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