FX.co ★ EUR/USD analysis for June 23 2021 - Bear flag in creation and potential for drop towards 1.1850

Technical analysis:

EUR/USD has been trading upside but I see this action like corrective with potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities in case of the downside breakout of mini upside channel.

Downside targets are set at the price of 1.1850 and 1.1720.

Stochastic is showing overbought condition and fresh bear cross, which is another sign and confirmation for the downside rotation.Resistance is set at 1.2000