FX.co - EUR/USD analysis for June 28 2021 - Bear flag in creation and potential for drop towards 1.1850

2021-06-28T11:08:37

Relevance until2021-06-30

Technical analysis:

EUR/USD analysis for June 28 2021 - Bear flag in creation and potential for drop towards 1.1850

EUR/USD has been trading sideways at the price of 1.1932. I still see potential for the downside continuation towards 1.1855.

Trading recommendation:

Watch for potential selling opportunities if the price breaks the level of 1.1920.

Downside target is set at the price of 1.1855.

Resistance is set at 1.1975

Stochastic is showing downside cross and potential for downside continuation...

Bollinger bands are showing contraction and potential for the breakout....

*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 28 2021 - Bear flag in creation and potential for drop towards 1.1850