Technical analysis:
EUR/USD has been trading downwards as I expected. There is the breakout of the bear flag pattern and potential for the bigger drop.
Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside targets at the price of 1.1855 and 1.1715.
The short term trend is still down based on the last week close.
Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.