EUR/USD analysis for June 19, 2023 – Potential for the downside movement towards upside trendline
June 19, 2023 9:23 am
Technical analysis:
EUR/USD has been trading sideways at the price of 1.934 but I see potential for the downside movement due to potential change in the short-term change in trend.
Due to the failed breakout to the upside in the background and strong supply that entered last week, I see potential for the further downside movement.
Downside objective is set at the price of 1.0865
MACD oscillator is showing neutral stance and potential for the downside movement…
Key resistance is set at the price of 1.0965
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading sideways
at the price of 1.934 but I see potential for the downside movement
due to potential change in the short-term change in trend.
Due
to the failed breakout to the upside in the background and strong
supply that entered last week, I see potential for the further
downside movement.
Downside
objective
is
set at the price of 1.0865
MACD
oscillator is showing neutral stance and potential for the downside movement…
Key
resistance is set at the price of 1.0965
The material has been provided by InstaForex Company – www.instaforex.com
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