EUR/USD trend short, Stoch shows negative signal of of possible new drop

EUR / USD mediumterm – short.Indicators in strong negative territory, CCI is below -100 possibly accelerated negative movement.

Stoch signals for possible new negative pulse, fast average crosses below the slower, flags possible formation with potential drop.

Double top formation is activated and price moves below 1.0712, with the most likely target levels around 1.0460.

Sentiment is against the euro, speculation about Greece intensified possible strong negative movement.

Price moves with 5 period moving average, and CCI is below -100, formation of probability for a new bearish momentum.
To minimize the risk we are waiting for slightly better levels around 1.0610 and move to a smaller Chart – 1 hour for Stoch signal to sell

 Varchev Traders

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