EUR/USD right on resistance, remain bearish
We remain bearish looking to sell below 1.1485 resistance (Fibonacci extension, horizontal swing high resistance) for a push down to at least 1.1419 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,5,3) is testing major resistance at 97% signaling that a reversal is fast approaching. Correlation analysis: EUR/USD and USD/CHF are negatively correlated, meaning they move […]