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11.06.2021 02:18 PM
EUR/USD analysis for June 11 2021 - Strong downside momentum and potential for test of 1.2060

Technical analysis:

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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.

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