Technical analysis of EUR/USD 06/17/2021

EUR/USD currency pair is developing a downward correction against the background of data from the USA. Currently, the pair is trading around 1.1900 (61.8% Fib), breaking through (MA100) and (MA200) on the daily timeframe. The level of 1.1900 is the key support.
If the pair manages to break it and gain below, it will be a change in trend with a potential target of decline to the area of the annual minimum of 1.1700.
The nearest resistance is the level of 1.1980 (MA200).


Created by Joshua Hayn

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