Technical analysis:
EUER has been trading downwards as we expected. There is still potential for the drop towards the level at 1.2135.
Trading recommendation:
Due to successful rejection of the recent swing high and the downside channeling mode, watch for selling opportunities on the intraday rallies.....
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at 1.2240
