We are bearish as long as the EURUSD is below 1.5643. Potential resistance is from 1.5546 to 1.5563 (right above current level). As mentioned last week, 1.5230 is where the decline from 1.5694 would equal the 1.6018-1.5554 decline. This is our initial objective.
STRATEGY: Bearish, against 1.5643, target below 1.5230 and below 1.50
