Technical analysis:
EUR has been trading downwards at the price of 1,1770 but I see falling wedge in creation and potential for the rally in the next period.
Trading recommendation:
Watch for buying opportunities due to extreme downside condition and due to the falling wedge pattern in creation.
Upside target is set at 1,1855
Stochastic is showing extreme condition and bullish divergences, which is another sign for the rally...
Key support is set at 1,1770
