FX.co ★ EUR/USD analysis for June 10, 2022 - Watch for potential rally towards the balance line

Technical analysis:

EUR/USD has been trading downside yesterday and there is the breakout in the background but the breakout seems very volatile, which is not that good sign for further continuation.

Trading recommendation:

Due to the potential fake breakout of the consolidation in the background, watch for potential rally towards the mid area of the balance.

Watch for buying opportunities with the potential objective at 1.0700.

Stochastic is showing oversold condition and fresh bull cross, which is sign that there is chance for further rally.

Support is set at the price of 1.0608