Technical analysis:
EUR/USD has been trading downside as I expected. The price reached first downside objective at 1.0535 with strong momentum.
Due to the strong downside momentum in the background I see potential for the further downside continuation after the correction.
Next downside objective is set at the price of 1.0400
Stochastic and MACD oscillators are showing downside reading with no evidence for the change in trend behavior.
Key resistance is set at the price of 1.0700
