We expect the EUR/USD to fall further this week to a target rate of 1.20800. The main reason for this is a stronger dollar. Furthermore the MACD 4C and RSI indicators are currently in a downward trend and the Stoch RSI is at an overbought level.
Asset: EUR/USD Time interval: 4h Position: Short/Put Expiry: 16 Feb 19:00 (GMT+1) Target rate: 1.20800