On the EURUSD daily chart, we can see that the pair is reacting from a familiar resistance 1.13500-1.14000 zone. The downside channel has been formed and we could see a test of the 1.12500 level soon. Only a daily close above the 1.14270 level could invalidate the downside continuation.
Note: look for the short trades with the stop loss above the 1.14250Â levelÂ
