The current resistance area could make the pair go back to the 1.02 area.
FX:EURUSD 14/JUN/22 The pair came back to its lows at around 1.04x and we are expecting a retracement up towards the .50 Fibonacci retracement line (Our Short/Sell zone), before further continuation to the downside to our Buy zone.
Daily chart of EUR/USD The pair is expected to see some form of a range around current area and we still favour sell setups in the upcoming week.It currently trades around its 50 EMA and it is close to major resistance level at 1.08x.We will look for sell setups towards 1.052x. Alt scenario will be the reach of 1.10 and we will look for the right setups.