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FX.co ★ EUR/USD remains at key resistance, keep our bearish view.

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Forex Analysis:::2016-08-18T08:37:04

EUR/USD remains at key resistance, keep our bearish view.

We see a very bearish formation at the 1.1315 level (Fibonacci projection, bearish candlestick formation, Fibonacci retracement) where we expect a reversal from to at least 1.1155.

RSI (21) is also seeing major resistance at 76% where we expect a reversal from.

EUR/USD remains at key resistance, keep our bearish view.

Sell below 1.1315. Stop loss is at 1.1348. Take profit is at 1.1155.

Analyst InstaForex
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