Technical analysis:
EUR/USD has been trading downside as I expected. I see further downside continuation towards next downside references.
Trading recommendation:
Due to the rejection of the resistance trend line in the background, I see potential for further downside movement.
Watch for potential selling opportunities on the rallies with the downside objectives at 1.0960 and 1.0820.
Stochastic is showing fresh bear cross with the MACD on the bear mode already. That is very good sign for further downside continuation.
Resistance is set at the price of 1.1180
