I was bearish EURUSD on Friday and we got a nice 60pips sell down without pullback, hitting our price target at 1.0680 before rebounding. Weekly price is bearish, indicating further downside this week but near term price action indicate possible up first.
Looking for a possible move re-test and rejection off 1.0740 for a move down to 1.0628. Daily close below 1.0628 could see further downside to 1.0563. Conversely, a break below 1.0700 and re-test and rejection off the level is another short setup for the move lower.