Technical analysis:
EUR/USD has been trading upwards yesterday but I see potential downside continuation today due to short-term downside cycle in the background.
Trading recommendation:
Due to strong down-cycle in the background and open drive to the downside today, I see potential for the downside continuation.
My advice is to watch for selling opportunities with the downside objectives at 1.0950 and 1.0830.
Price is still trading below the supply trend-line, which is good sign for further downside continuation.
Key resistance is set at the price of 1.1120