FX.co - EUR/USD analysis for June 21 2021 - Potential for the downside rotation towards 1.1850

2021-06-21T13:51:59

Relevance until2021-06-23

Technical analysis:

EUR/USD analysis for June 21 2021 - Potential for the downside rotation towards 1.1850

EUR/USD has been trading upwards due to oversold condition on Friday. I still see potential for downside opportunities....

Trading recommendation:

Watch for potential selling opportunities with the downside objectives at the price of 1.1886 and 1.1850.

Stochastic oscillator is showing oversold condition and bearish divergence, which is sign for further downside rotation towards 1.1886 and 1.1850.

Main intraday resistance is set at 1.1910

*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 21 2021 - Potential for the downside rotation towards 1.1850