Technical analysis:
EUR/UISD has been trading downside as I expected. Sellers are in control and I expect further downside continuation.
Trading recommendation:
Watch for potential selling opportunities on the rallies due to strong bear pressure.
Next major downside target is set at the price of 1,1450.
Stochastic is showing extreme downside condition and another fresh bear cross, which is another sign and confirmation for the downside continuation.
Resistance is set at 1,1610
