Technical analysis:
EUR/USD has been downwards. There is the breakout of the drift pattern in the background, which is good sign for further downside movement.
Trading recommendation:
Watch for potential selling opportunities on the rallies with downside targets at 1.2175 and 1.2130.
Stochastic is showing fresh bear cross and overbought condition, which is another sign and confirmation for the downside rotation.
Key resistance is set at 1.2240
