FX.co ★ EUR/USD profit target is reached, prepare to turn bearish again

The price has reached our profit target perfectly from previously. We remain bearish below major resistance at 1.0800 (major horizontal resistance, Fibonacci projection) for a drop to 1.0708 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) has made a bearish exit previously and still remains in a bearish configuration.

Sell below 1.0800. Stop loss is at 1.0880. Take profit is at 1.0708.