EURUSD is approaching our first resistance at 1.1358 (horizontal pullback resistance, 100% fiboancci extension, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1187 (61.8%, 100% Fiboancci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Agree pair will drop however I suspect first it will headed to around 1.14276 (1.618 fib from yesterday's high) mirroring what happened during last wave and agreeing with current position of dollar.