Technical analysis:
EUR/USD has been trading flag in last days at the price of 1.0540 and I see potential for the downside continuation of the bigger downside trend.
Trading recommendation:
Due to the breakout of the bear flag in the background, I see potential for the downside continuation of the short-term trend.
Watch for potential selling opportunities on the intraday rallies with the downside objective at 1.0360.
MACD oscillator is showing negative reading and slow line is below zero, which is sign that sellers are still in control.
Stochastic is showing extreme reading but with no evidence for the reversal.
Key resistance is set at the price of 1.0645