EUR/USD's big two day slump broke and closed under the 1.0516 Fibo on Friday

1.0516 Fibo is a 61.8% retrace of the 1.0349 to 1.0787 May (EBS) rise

That is increasing the scope for a much bigger slide well under 1.0452 Fibo

1.0452 Fibo is a 76.4% retrace of the same gain

Fourteen-day momentum also turned negative on Friday = bearish outlook

We are short at 1.0735 for a lowered 1.0410 target, profit stop is at 1.0545

EUR/USD Trader TGM2334. Previous EUR/USD update nL1N2XX1DC