Technical analysis:
EUR/USD has been trading in tight range at 1,1587 and there is potential for the further downside movement.
Trading recommendation:
Due to strong downside breakout on Friday, I see potential for the downside continuation.
Watch for selling opportunities with the downside targets at 1,1547 and 1,1540
Stochastic oscillator is showing bear cross, which is confirmation for the downside.
Key resistance is set at 1,1617
