Technical analysis:
EUR/USD has been trading downside this morning and I see potential for bigger drop towards the level of 1,1150.
Trading recommendation:
Due to rejection of the strong resistance level at the price of 1,1390, I see potential for the downside movement.
Watch for selling opportunities with on the intraday rallies with the downside objectives at 1,1280 and 1,1150.
Additionally, there is potential for the outisde daily range, which can be another sign of strong supply.
Key support is set at the price of 1,1270
