FX.co - EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.

2020-06-02T11:58:11

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EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.

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EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.

Technical analysis:

EUR/USD has been trading upwards but I found that EUR is way extend to the upside and the downside rotation is possible. The resistance is found at the price of 1,1180.

Trading recommendation:

Downward targets are set at the price of 1,1140 and 1,1120

Main resistance is set at 1,1180

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Technical analysis #EUR #EURUSD

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.

Forex Analysis

EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.