Technical analysis:
EUR has been trading downside as we expected. The EUR is heading towards the level of 1,1670.
Trading recommendation:
Due to strong downside pressure and the breakout of the support in the background, watch for selling opportunities on the rallies.
Downside target is set at the price of 1,1670
Stochastic is showing new low on the slow line, which is another confirmation for the strong selling pressure.
