FX.co - EUR/USD analysis for June 24, 2022 - Rising channel still holding

2022-06-24T12:20:36

Relevance until2022-06-25

Technical analysis:

EUR/USD analysis for June 24, 2022 - Rising channel still holding

EUR/USD has been trading sideways at the price of 1.0524 but there is still rising channel in the background. Buying opportunities are preferable.

Trading recommendation:

Due to the rising channel and no breakout, I see potential for further rise.

Watch for potential buying opportunities on the intraday dips...

Upside objective is set at the priceo f 1.0590

Support is set at the price of 1.0480

*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 June 24, 2022 - Rising channel still holding