FX.co ★ EUR/USD dropping nicely, remain bearish for a further drop

The price has started to drop really nicely from our selling area. We prepare to sell below 1.1658 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to at least 1.1583 support (Fibonacci retracement, horizontal pullback support).

Stochastic (55,5,3) is dropping nicely from our 98% resistance and has good downside potential.

Sell below 1.1658. Stop loss is at 1.1690. Take profit is at 1.1583.