Technical analysis:
EURUSD has been trading downwards this morning and there is the breakout of the consolidation to the downside.
Trading recommendation:
My advice is to watch for selling opportunities on the rallies with the downside targets at the price of 1.2105 and 1.2055.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.
Additionally, there is the rejection of the supply trend line...
Key resistance is set at 1.2175
