Technical analysis:
EUR/USD has been trading downside as I expected. The EUR is heading towards second downside target at 1.1710.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside target at 1.1710.
The main cause of the downside movement is downside breakout of the flag pattern in the background.
Stochastic is showing oversold condition but with bear cross, which is sign that sellers are still in control.
