Within the large consolidation wedge that EURUSD has been in for the last 2 years, there's been quite a bit of movement that has presented a wide array of opportunities. Over the last month Euro broke out of an ascending channel after the Brexit announcement, confirming a new downward trend within a descending channel. EURUSD has approached the top of this new channel and looks like it is preparing to retest previous lows. Entry in the 1.1190s, Stops above 1.1280 with Target 1 at 1.0950 (retest of recent low), Target 2 at 1.0870 (1.272 extension and previous support) and Target 3 in the 1.0770s (1.618 extension and previous support levels).