Technical analysis:
EUR/USD has been trading downside as I expected. The momentum is very strong to the downside and there is potential for the bigger drop.
Trading recommendation:
Due to strong downside cycle on the EUR and good momentum, I see potential for the bigger drop towards the level of 1,1200/
Watch for selling opportunities on the rallies with the next downside target at 1,1200.
Stochastic oscilaltor is showing fresh bear cross on the weekly time-frame, which is good sign for further downside continuation.
Resistance is set at the price of 1,1510
