Technical analysis:
EUR/USD has been trading downside today. There was fake breakout move of the 1,1298. Potential for the further downside movement....
Trading recommendation:
Due to fake breakout of the resistance at the price of 1,298, I see potential for further drop.
Watch for selling opportunities on the rallies with the next downside targets at 1,1235 and 1,1227.
Stochastic is showing fresh bear cross and bearish divergence, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of 1,1300
