FX.co ★ EUR/USD analysis for June 14, 2022 - Broken downside channel and potential for rally

Technical analysis:

EUR.USD has been trading upside this morning and I found the breakout of the downside channel, which is good confirmation for the further rise.

Trading recommendation:

Due to the breakout of the down slopping channel and the bull divergence in the momentum, I see potential for the rally.

Watch for buying opportunities on the intraday dips with the upside objectives at 1.0545 and 1.0625.

Stochastic is showing bullish divergence and fresh bull cross, which is good sign for further rally.

Key support low is set at the price of 1.0400