theforexarmy
Short

EURUSD turn bearish for a push down

FX:EURUSD   Euro / U.S. Dollar
Sell below 1.0585. Stop loss at 1.0660. Take profit at 1.0450.
Reason for the trading strategy (technically):
Price remains under heavy downside pressure below 1.0585 resistance (pullback resistance, descending resistance) and we expect price to make a further push down to 1.0450 support ( Fibonacci retracement , horizontal swing low support).
RSI (34) sees a descending resistance line holding price down.
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