EUR/USD remain bearish with break of our long term support

We remain bearish with the break of our long-term ascending support-turned-resistance line. The goal is to be bearish below the 1.0711 resistance (Fibonacci retracement, horizontal overlap resistance, pullback resistance) for a drop to at least 1.0623 (Fibonacci retracement, recent swing low support).

The RSI (34) is seeing a descending resistance.

Sell below 1.0711. Stop loss at 1.0758. Take profit at 1.0623.

The material has been provided by InstaForex Company - www.instaforex.com