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EURUSD breaking out nicely, good idea to wait for strength.

Short
Euro / U.S. Dollar (FX:EURUSD)  
easyMarkets Broker  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD Forex forexsignals eurusdshort eurusdlong BTCUSD Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern eurusd eur usd forex forexsignals eurusdshort eurusdlong btcusd bitcoin
EURUSD has started to drop strongly after breaking through our Ichimoku cloud support and also reacting nicely off 1st resistance at 1.1822 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance). We need to look for bearish opportunities on strength as with all this bearish momentum, price might drop further to major support at 1.1720 (major swing low support, Fibonacci extension).
RSI (55) has good downside potential for a further drop.

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