FX.co ★ EUR/USD analysis for June 15, 2022 - Potential for the bigger rally

Technical analysis:

EUR/USD has been trading upside today and there is potential for the further rally. I see the potential for the rally towards next important pivots.

Trading recommendation:

Due to the fresh rally this morning and the bullish divergence on the momentum,I see potential for the further upside movement.

Watch for buying opportunities on the intraday pullbacks with the next upside objective at 1.0540 and 1.0620.

Stochastic oscillator is showing bull divergence in the background and new upside momentum with no signs for the reversal.

Key support is set at the price of 1.0400