FX.co ★ EUR/USD profit target reached, remain bearish

Price dropped perfectly to our profit target. We are now looking to sell on strength below 1.0564 resistance (Fibonacci retracement) for a further drop to 1.0456 (Fibonacci projection).Stochastic (21,5,3) has reacted off our 95% resistance perfectly as expected and we expect a further drop as it still has good downside potential.

Sell below 1.0564. Stop loss at 1.0608. Take profit at 1.0456.