Thread: 
SubscribeEUR/USD Needs to Break $1.0534 to Invalidate Bearish View
FenzoFx—The EUR/USD currency pair hit the 78.6% Fibonacci resistance level at $1.0497. Meanwhile, the Stochastic indicator is overbought, meaning the bullish wave from $1.0360 could pause in the current and next session. A dip below the 61.8% Fibonacci support level can trigger a new bearish wave, targeting the 38.2% Fibonacci at $1.0427.
Please note that the bearish outlook of the currency pair invalidates if EUR/USD exceeds $1.0534.
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