OANDA:EURUSD   Euro / U.S. Dollar
We expect EURUSD to bounce lower on rejection of 1.08781 region on the hourly time framed chart. We've created a strong declining trend starting from early February, trend technical's have matched with our extended yearly fib levels. If we manage to make a short entry on EURUSD we are looking to take out full position by level 1.06354 which would take us +234 pips for the trade.