EURUSD possible major correction

31 May 2017

• EUR/USD has hit 4 times its major descending support in 4H
  
• RSI and William%R clearly demonstrate that buyers are resigned and sellers can revert the trend
  
• if the downtrend is confirmed, the first support is @1.1 but is not very strong (only 2 points), a major correction is possible if this support is broken
  
• I target 1.1 as first objective