FX.co - EUR/USD analysis for June 18 2021 - Potential rally and reversion to the mean

18 June 2021 at 12:37PM (UTC+0)

Relevance until18 June 2021 at 6:37PM (UTC+0)

Technical analysis:

EUR/USD analysis for June 18 2021 - Potential rally and reversion to the mean

EUR has been trading downside as I expected but there is oversold condition and potential for the rotation up till end of the day.

Trading recommendation:

Watch for potential buying opportunities with the upside target at 1.1924.

Key resistance is set at 1.1925

*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 18 2021 - Potential rally and reversion to the mean