FX.co ★ EUR/USD analysis for June 17, 2022 - Rejection of the resistance in the background

Technical analysis:

EUR/USD has been trading upside yesterday but I saw rejection of the lower trend line from the background, which is sign for the downside rotation.

Trading recommendation:

Due to rejection of the key resistance at the price of 1.0600, I see potential for the downside movement.

Watch for potential selling opportunities on the intraday rallies wit the downside objective at 1.0385.

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

Key resistance is set at the price of 1.0600