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FX.co ★ EUR/USD analysis for June 01 2021 - Potential for the drop towards 1.2135

EUR/USD analysis for June 01 2021 - Potential for the drop towards 1.2135

Technical analysis:

EUR/USD analysis for June 01 2021 - Potential for the drop towards 1.2135

EUR/USD has been trading sideways at the price of 1.2221 but I still see potential for the drop..

Trading recommendation:

Watch for potential selling opportunities due to overbought condition and test of the upper line.

Downside target is set at 1.2135

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.

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