EURUSD: Imminent decline to 1.12800.EUR/USDOANDA:EURUSDInvestingScopeEURUSD just turned bearish on its 1D technical outlook (RSI = 44.426, MACD = -0.002, ADX = 34.034), getting rejected on the 4H MA50 in a similar manner as February 26th-27th. That was the start of phase 2 of the bearish wave of the 4 month Channel Down and based on this we are looking for a strong decline towards the 1.382 Fibonacci extension (TP = 1.12800). That will also test the 1W MA100, the market's natural long term Support. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##