FX.co ★ EUR/USD analysis for June 26, 2023 - Breakout of the rising trendline in the background

Technical analysis:

EUR/USD has been trading downside on Friday and I found breakout of the rising trend-line, which is good sign for the further downside movement.

Due to the breakout of the rising trend line in the background and test-reject of the resistance zone today at 1.0900, I see potential for the further drop towards lower references.

Downside objectives are set at the price of 1.0845 and 1.0670

RSI oscillator is showing flip down around 50 level, which good sign for the further downside continuation.

Resistance zone is set at the price of 1.0900