FX.co ★ EUR/USD analysis for June 02, 2022 - Potential for the rejection of the key resistnace at 1.0700

Technical analysis:

EUR/USD has been trading upside in last 24 hours but I still see potential for the downside continuation of the bigger downside trend.

Trading recommendation:

Due to the test of the key cluster of resistance at the price of 1.0692 and downside cycle in the background, I see potential for further downside continuation.

Watch for potential selling opportunities with the downside objective at the price of 1.0640.

Stochastic is showing overbought condition and potential for the downside rotation.

Key resistances is set at the price of 1.0695