In the short term we can expect the pair to move to the 1.25300 support level and create a higher low. A breakout below 1.25100 will get sellers pushing further down. Otherwise in the long term we might see a slight pull back to that support level and a move up to the previous resistance level and maybe a break above the that resistance zone.
The OANDA:EURUSD seems like it will go down into the daily demand zone around the 1.0500 psychological mark before an an upward drive from buyers. The pair is in the oversold area which sees sellers running out of steam. This could trigger the buyers to come in and push the pair up to 1.0720 and a further push could be possible to the 1.0750 and 1.0800 mark.
