FX.co ★ EUR/USD analysis for July 08 2021 - Potential for the downside rotation towards 1.1820 and 1.1785

Technical analysis:

EUR/USD has been trading upwards today but I see potential for the downside rotation and end of the upside correction.

Trading recommendation:

Watch for potential selling opportunities with the downside targets at 1.1820 and 1.1785.

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.Key resistances are set at : 1.1845 and 1.1855