Technical analysis:
EUR/USD has been trading downside as I expected and the price has reached first downside objective at 1.0945.
Due to the strong downside momentum and no major sign of the strength, I see potential for the further downside movement towards lower reference.
Downside objective is set at the price of 1.0845
Stochastic oscillator is showing fresh downside cross, which is another good sign for the further downside movement.
Key resistance is set at the price of 1.1045
