EBRAHIMIPOUR
Short

A sharp decline in EUR/USD

FX:EURUSD   Euro Fx/U.S. Dollar
386 4 3
Base on the 4h chart and the bands, bulls lost momentum and RSI is in overbought. European market has just declined for the second day also.
The shooting star on the Monthly chart is also considerable.
A sharp decline towards 1.3526 is not far to happen.
I agree with the probability of a decline in this pair coming. Why do you mention 1.3526?? I see a declining channel that provides a good first target of 1.3630.
snapshot
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1.3526 is the low of 2014 and I believe this would be break.
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EBRAHIMIPOUR EBRAHIMIPOUR
However I agree that 1.3526 is not the first target.
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sunny EBRAHIMIPOUR
seemed too easy anyways :S
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