EUR/USD has been trading downwards. The price tested the level of 1.0980. Anyway, I still expect more downside and potential tests of 1.0967 and 1.0930. The EUR/USD did break the perfect bear flag pattern in the background.
Purple rectangle – Important resistance
Yellow rectangles – Support levels and downward targets
Purple falling line – Expected path
MACD oscillator is showing negative reading below the zero the background and I do expect at least another move lower. Support levels are seen at 1.0967 and 1.0930. Key short term resistance is set at 1.1025. Bulls need to be very cautious as there is potential new wave down. As long as the EUR is trading below the 1.1025 there is a chance for more downside and potential testing of 1.0967 and 1.0930.