Technical analysis:
EUR/USD has been trading in the sideways range at the price of1.0930 but I see potential for the downside movement towards the upside trend-line.
Due to the reversal pattern in the background and test of resistance at 1.0930, I see potential for the downside movement towards lower reference.
Downside objective is set at the price of 1.0870
MACD oscillator is showing neutral reading with no defined momentum.
Key resistance is set at the price of 1.0970
