Technical analysis:
EUR/USD has been trading downside as I expected. I still see EUR downside with potential test of the 1.0350.
Trading recommendation:
Due to the strong downside trend and the breakout of the bear flag in the background I see potential for further drop towards 1.0350.
Watch for potential selling opportunities on the rallies with the downside objective at 1.0350.
MACD oscillator is showing strong downside momentum, which is another confirmation that sellers are in control.
Key resistance is set at the price of 1.5085
