FX.co ★ EUR/USD analysis for July 07 2021 - Potential for bigger drop towards 1.1730

Technical analysis:

EUR has been trading sideways at the price of 1.1820 but I see potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside target at the price of 1.1730.

Stochastic is showing oversold condition but with the fresh bear cross, which is sign that sellers are still in control.

Short term and long term trends are bearish....