EURUSD: Possible rebound

EURUSD, Daily

In the Daily timeframe, EURUSD continues to fall rapidly. The price has almost reached the critical support area, with %R and Stochastic showing huge oversold conditions. The price also crossed the lower Bollinger line.

• EURUSD can be expected to rebound from 1.0610 support, gathering liquidity and then rebounding to 1.0700;