Technical analysis of EUR/USD 06/23/2021

The EUR/USD currency pair develops a downward movement on the daily timeframe. The pair broke through the key support at 1.1900 (61.8% Fib) and dropped to 1.1845. Currently quotes are around 1.1900. The technical picture suggests the pair will continue to decline with the target at 1.1700 (annual low).
The signal to cancel the option to continue the decline will be the growth of the pair above 1.2260.

EURUSD_STPDaily (8)

Created by Joshua Hayn

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