FX.co - EUR/USD analysis for July 09 2021 - Potential for the downside rotation towards 1.1850 and 1.1827

2021-07-09T12:38:04

Relevance until2021-07-09

Technical analysis:

EUR/USD analysis for July 09 2021 - Potential for the downside rotation towards 1.1850 and 1.1827

EUR/USD has been trading upwards but there is extreme intraday condition and potential for the downside rotation.

Trading recommendation:

Watch for selling opportunities with the downside targets at 1.1845 and 1.1830.

There is exhaustion pattern as well from buyers, which is another sign for further downside movement.

Stochastic is in overbought zone....

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

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for July 09 2021 - Potential for the downside rotation towards 1.1850 and 1.1827