EURUSD - Technical Analysis: Wednesday, 05/08/2015 04:59 GMT

The EURUSD declined clearly yesterday after testing the resistance barrier that was formed by the meeting of the exponential moving averages 50 and 100, thus, the door is open to head towards the channel’s support around 1.0650.

Stochastic continues to move downwards to support more decline, and we should note that it is important to hold below 1.1040 to continue the bearish bias on the intraday basis.