• EUR/USD traders get a signal to sell

• Scope for 1.0873 after break below 1.1105

• 1.1105 is mid-point 1.0125-1.2084 rise

• 1.0883 is 61.8% of the 1.1025-1.2084 rally

• Drop stretched below base 20 day/month Bollingers

• The Big EUR/USD short is increasingly hard to justify

• FX traders should consider implications of lower oil

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EURUSD monthly chart

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)