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FX.co ★ EUR/USD analysis for June 18 2021 - Potential rally and reversion to the mean

EUR/USD analysis for June 18 2021 - Potential rally and reversion to the mean

Technical analysis:

EUR/USD analysis for June 18 2021 - Potential rally and reversion to the mean

EUR has been trading downside as I expected but there is oversold condition and potential for the rotation up till end of the day.

Trading recommendation:

Watch for potential buying opportunities with the upside target at 1.1924.

Key resistance is set at 1.1925

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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