FX.co - EUR/USD analysis for June 09 2021 - Sell zone at 1.2200 and potential for the drop towards 1.2150

2021-06-09T11:59:59

Relevance until2021-06-11

Technical analysis:

EUR/USD analysis for June 09 2021 - Sell zone at 1.2200 and potential for the drop towards 1.2150

EUR has been trading upwards in the last 10 hours but I see potential exhaustion and downside rotation.

Trading recommendation:

Watch for potential due to potential selling opportunities at the major sell zone at 1.2100.

Downside target is set at the price of 1.2150.

Stochastic is showing overbought condition and potential for the downside rotation.

Key resistance is set at the price of 1.2200

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

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for June 09 2021 - Sell zone at 1.2200 and potential for the drop towards 1.2150