Technical analysis:
EUR/USD has been trading sideways at the price of 1.0570 but I see potential for the downside continuation of the trend.
Trading recommendation:
Due to the potential bear flag in the background and downside trend, I see potential for further downside movement.
Watch for potential selling opportunities in case of the downside breakout of channel
Downside objective is set at 1.0350
MACD oscillator is showing negative reading, which is sign for further downside movement.
Resistance is set at the price of 1.0640
