The EUR/USD clocked a high of 1.0878, before turning lower 1.0857. An hourly close below 1.0869 could open doors for a sell-off to 1.0811-1.08, under which the pair could drop to 1.07985. The current candle on the hourly chart also represents the failure to take out the hourly 100-MA currently located at 1.0872.
I prefer entering short around 1.0860 for target of 1.0811-1.08 and stop above 1.0890
I prefer entering short around 1.0860 for target of 1.0811-1.08 and stop above 1.0890