14.06.202114:14 Forex Analysis & Reviews: EUR/USD analysis for June 14 2021 - Potential for further downside movement towards 1.2060

Technical analysis:

Exchange Rates 14.06.2021 analysis

EUR has been trading downside as I expected. I still see potential for another downside swing towards 1.2060 and 1.2000.

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside targets at the price of 1.2060 and 1.2000.

The main cause of the downside movement was the breakout of the well defined balance.

Stochastic is showing oversold condition but with no evidence of the reversal....

*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
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