Technical analysis:
EUR/USD has been trading downside this morning and there is the breakout of the rising channel, which is sign for the further downside movement..
Trading recommendation:
Due to the breakout of the upside slope channel, I see potential for further drop on EUR.
Watch for potential selling opportunities on the intraday rallies with the downside objectives at 1.0845 and 1.0810.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside movement.
Resistance is set at the price of 1.0922
