FX.co ★ EUR/USD analysis for June 19, 2023 - Potential for the downside movement towards upside trendline

Technical analysis:

EUR/USD has been trading sideways at the price of 1.934 but I see potential for the downside movement due to potential change in the short-term change in trend.

Due to the failed breakout to the upside in the background and strong supply that entered last week, I see potential for the further downside movement.

Downside objective is set at the price of 1.0865

MACD oscillator is showing neutral stance and potential for the downside movement...

Key resistance is set at the price of 1.0965