FXTechs
Short

EURUSD Sets Low High - Next Leg Down Coming

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             Retested 1.1 overnight but failed below 1.0980 - the move was quite quick and we once again missed our entry. See another bounce towards 1.0960 before an eventual move towards the multi-lows around 1.05. Shorts above 1.0940 against 1.0980/1.1005 are valid but more conservative traders could wait for a break of the minor support trendline/overnight low around 1.0886.

Hourly RSI is trending sideways with a bearish bias - look for a break below 40 to signal a bearish shift.
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