Technical analysis of EUR/USD 06/16/2021

EUR/USD currency pair is developing a downward correction on the daily chart. The pair is currently trading around 1.2100, consolidating below (23.6% Fib).
The next support will be the level 1.2050 (38.2% Fib) and (MA100), after what the key one is at the level 1.1980 (50% Fib) and (MA200).
Cancellation of the option for the development of a downward correction will be the growth of the pair above the May highs of 1.2260.


Created by Joshua Hayn

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