Technical analysis:
EUR/USD has been trading downside this morning and I found the breakout of the rising channel in the background.
Trading recommendation:
Due to the breakout of the rising channel in the background and the rejection of the single prints, watch for potential selling opportunities.
Downside targets are set at the price of 1,1548 and 1,1535
Stochastic is showing bear divergence and fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of 1,1620
