Technical analysis:
EUR/USD has been trading downside as I expected. There is still potential for further drop towards 1.1785.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside target at the price of 1.1785.
Stochastic is showing fresh overbought condition and bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of 1.1880.
