11.06.202114:18 Forex Analysis & Reviews: EUR/USD analysis for June 11 2021 - Strong downside momentum and potential for test of 1.2060

Technical analysis:

Exchange Rates 11.06.2021 analysis

EUR has been trading downwards as I expected. The EUR is heading towards downside swings at 1.2060.

Trading recommendation:

Watch for potential selling opportunities on the rallies using the intraday frames 15/30 minutes.

Downside targets are set at the price of 1.2106 and 1.2060.

Stochastic is showing fresh bear cross, which is another sign and confirmation for the downside rotation.


Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2021

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