It's time for Wednesday's Main Dukascopy Spike Controller. Let’s take a look at the average and peak spread levels for the three non-cross majors. Euro/Dollar…
Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support).
RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected.
Sell below 1.0755. Stop loss at 1.0836. Take profit at 1.0628.
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