Technical analysis:
EUR/USD has been trading downside as I expected. Sellers are in control today and you should watch for selling opportunities on the rallies.
Trading recommendation:
I found the breakout of the news spike range from yesterday's CPI m/m, which is good confirmation of the downside condition.
Watch for selling opportunities on the rallies with the downside target at 1.1955.
Stochastic oscillator is showing negative reading....
Key resistance is set at the price of 1.2090
