EURUSD resistance stays at 1.1880/1.1900 levels

EURUSD has been drifting sideways before the much awaited fundamental event risk "Jackson Hols Symposium". Having said that intraday resistance remains around 1.1880/1.1900 mark. EURO is expected to hit fibonacci 0.618 retracement of its earlier drop from 1.1965 through 1.1754 around 1.1880/90 either today or tomorrow. A bearish reversal should be on cards thereafter. Ideally, 1.1965 should hold, if EURUSD bearish outlook has to prevail. Good to sell on rallies.

Remain short, stop @ 1.1970, target is open

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