Prices dropping for third consecutive day, close in three months low (1.0800). • Dow-pattern- higher tops and higher bottoms, (B1-T1-B2-T2). • Price is currently trading below the valid uptrend line. (sell signal) • Bearish Cross MA10 Under MA20 RSI: Momentum oscillator become oversold and remain so in a strong down trend. RSI moved from overbought to oversold in the end of October. Prices are trading below the resistance level (R1) at 1.1100 the 50% Fib retracement level and the SMA200. Therefore, in case that the pair is trading below the trend line, we will recommend SHORT POSITIONS for the no position holders on EUR/USD. Take profit at 1.0550-1.0500 (S2). Stop loss should be a bit above the resistance level-R1, thus the stop loss is at 1.1170. For SHORT-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above. On the other hand, with a daily close ABOVE the R1- SMA200, we will recommend LONG positions. Take profit at 1.1500-1.1870 (R3-R4). Stop loss should be a bit below the support level- S1, thus the stop loss is at 1.0800.