Overbought, has to test support, needs energy if bulls will push higher highs
You can feel it in the air. It would take some serious buyers to ever attempt 1.1250 in this precarious situation.
This bounce may continue for a few more hours but soon it will make a mad dash to the 1.080 zone and possibly bust right through it
EURUSD should probably continue main downtrend by the time it reaches fib 1.618 (1.1025)