FX.co ★ EUR/USD analysis for June 25 2021 - Bear flag in creation and potential for drop towards 1.1850

Technical analysis:

EUR/USD has been trading sideways at the price of 1.1942. My advice is to watch for selling opportunities due to overbought condition and controlled rally...

Trading recommendation:

Watch for potential selling opportunities with the downside targets at 1.1852 and 1.1720.

5 day cycle for tops is in play....

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