Technical analysis:
EUR/USD has been trading sideways today at the price of 1,1463 but I see potential for further downside movement.
Trading recommendation:
I see potential for the downside continuation and another breakdown.
Watch for selling opportunities on the rallies with the next downside targets at 1,1427 and 1,1370.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the bearish continuation.
Resistance level is set at 1,1488
