Technical analysis of EUR/USD 01/06/2023

The EUR/USD currency pair on (1D) within the framework of an upward correction found resistance at the 1.0700 level zone and is currently trading around 1.0530.

The pair managed to consolidate above the level of 1.0600 (38.2% Fibo), which technically means the development of an upward correction with the target in the zone of 1.0900 (50% Fibo).

A signal to cancel the option to continue the upward correction will be a decrease in quotes below the low of 0.9535, which will indicate a continuation of the downtrend.


Created by Joshua Hayn

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