Technical analysis:
EUR/USD has been trading downside this morning and I found the breakout of the multi day channel, which is good sign for further downside movement.
Trading recommendation:
Due to the breakout of the channel in the background and strong downside trend this year, I see potential for further drop
Watch for the potential selling opportunities on the rallies with the downside objectives at the price of 0.9800 and 0.9655
MACD oscillator is showing fresh downside momentum, which is good sign for further downside movement.
Key resistance is set at the price of 1.0050