|Primary Scenario||EURUSD is following a downtrend. If the pair manages to extend its momentum, it will eye the next support at 1.0601 and even lower at 1.0543.|
|Alternative Scenario||A higher thrust of the market will bring the exchange rate into a correction course. A breach of the daily pivot at 1.0694 will lift the pair to the forthcoming resistance at 1.0751. RSI is trading at 29, within an oversold zone.|
Source:: EURUSD is following a downtrend.