EUR/USD: Looking like another wave down is possible...

After the initial NFP spike we reversed and broke below the start of the move, we are close to some level of support (red dashed line) and could stop there, if we break below we should be on our way to test that larger support zone below...

Stochastics coming down now from overbought level on this TF, daily has room to move down some more...

Commentaire:

Update here: