EURUSD - Technical Analysis: Thursday, 02/11/2017 07:28 GMT

The EURUSD pair broke 23.6% Fibonacci correction level to open the door to head towards the next correctional level at 1.1510, making the bearish trend expected on the short term basis.

RSI loses the positive momentum to support the expected decline, while surpassing 1.1732 will stop the negative pressure and push the price to rise again.