Technical analysis:
EUR/USD has been trading downside as I expected. The price reached my yesterday's downside objective at 1.0640. Anyway, I still see further downside movement.
Trading recommendation:
Due to the strong downside cycle and potential for the end of the upside correction, I see potential for further drop.
Watch for potential selling opportunities the intraday rallies with the downside 1.0535 and 1.0500
MACD oscillator is showing strong downside momentum, which is another confirmation that sellers are in control.
Key intraday resistance is set at the price of 1.0635
