Technical analysis:
EUR/USD has been trading upside yesterday but we got buying climax in the background, which is sign of the weakness.
Trading recommendation:
Due to the buying climax in the background and downside today, I see potential for further downside continuation today.
My advice is to watch for selling opportunities on the rallies with the downside objective at the price of 1,1625 and 1,1585.
Stochastic oscillator is showing fresh bear cross and overbought condition, which is sign for the further downside movement.
Key resistance set at 1,1690
