EUR/USD has been sideways today but I see potential for the downside breakout of the rising channel. Watch for potential downside breakout.
Due to the strong downside cycle on the higher time-frame and very defined upside channel, I see potential for the downside breakout.
In case of the downside breakout ,watch for potential selling opportunities with the downside objective at 1.0540.
Stochastic is showing fresh bear cross, which is sign for the downside movement.
Key resistance is set at the price of 1.0760
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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