Technical analysis:
EUR/USD has been trading sideways at the price of 1.0740 but I see strong resistance zone at 1.7020.
Due to the extreme condition on EUR and strong resistance zone, I see potential for the further drop towards lower references.
Downside objective is set at the price of 1.0580
Stochastic oscillator is showing extreme condiiton and fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of 1.0750
