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DAY_PROFITS
Jun 6, 2023 10:08 AM

EUR/USD:Impending Bearish Move with 1.06500 Target Area in Focus Short

Euro Fx/U.S. DollarFXCM

Description

In the recent hours, there has been a noteworthy development in the EUR/USD currency pair as it moves closer to a fresh and relatively proximate market movement. Currently, the price is gradually approaching a dynamic trendline that has historically functioned as a support level. Based on our analysis, we anticipate the emergence of a new bearish impulse in the near future, with a target area around 1.06500. This projection aligns with the potential downward movement of the currency pair, suggesting a potential decline in value for the Euro against the US Dollar.

Comments
JoeChampion
I agree on USD strength, thanks!
DAY_PROFITS
@JoeChampion, Thanks!
DAY_PROFITS
⭐ Please feel free to share your thoughts on EUR/USD in the comment section below.

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ibrar550
agree, euro is also very very very weak today across the board
DAY_PROFITS
@ibrar550, I appreciate !
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