Technical analysis:
EUR/USD has been trading downside this morning and I see potential for further downside movement.
Trading recommendation:
Due to overbought condition in the background and downside breakout, watch for selling opportunities on the rallies.
Downside targets are set at the price of 1,1280 and 1,1264
Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.
Key resistance is set at the price of 1,1343
