empty
 
 

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.