Technical analysis:
EUR/USD has been trading downside as I expected. I see potential for the another drop towards the 1,1680.
Trading recommendation:
Watch for the selling opportunities on the rallies with the downside target at the price of 1,1680
The main cause for the downside cycle is breakout of the rising trend line and fresh bear cross into the extreme.
Stochastic oscillator is showing no signs for the reversal and the downside control.
