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EURUSD: Target hit. Expecting to resume the downside.

Short
Euro / U.S. Dollar (FX:EURUSD)  
InvestingScope  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD EUR USD euro DJ FXCM Index dollar Forex Currencies currency
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trendanalysis chartpattern indicator eurusd eur usd euro usdollar dollar forex currencies currency
TP = 1.1450 hit on a near bottom for the 1D Channel Down before it eventually rose again to 1.1610 for a near 0.5 Fibonacci test. Since this is also a technical Lower High on the 1D Channel Down (Highs/Lows = 0.0000, MACD = -0.001), we expect EURUSD to resume the downtrend and make a Lower Low towards the 1.1300 1W support (RSI = 44.434, B/BP = -0.0073). TP = 1.1390 this time.
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