There are 3 key areas of resistance that EURUSD has failed to hold above and/or penetrate.
* Fib 0
All of these are within the 1.126 and 1.13 area. Stochastics are also in overbought territory with the fast crossing the slow, extremely at these levels. Fundamentals are also extremely strong the USD and weak the Euro .
Extremely strong probability that EURUSD will continue to be extremely . A break on the weekly below the .236 level would, I anticipate a continued push down to the weekly .
Daily shows some confirmation of the Weekly short plan. There is an upward channel/pennant that has broken to the downside. The close of 6/14 had significant selling pressure based off fundamentals and this downturn has continued throughout the trading day into 6/15 with a very candle forming, almost entirely selling pressure (this is as of 1142 CST 6/15/17). Price is approaching the daily of 1.1173, so a bounce on the daily at that level coupled with the daily being in oversold territory would be a touchy place to try and enter.