04.07.2022
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Forex Analysis & Reviews: 23.06.2022

Relevance up to 17:00 2022-06-24 UTC + 00

Exchange Rates 23.06.2022 analysis

The EURUSD looked oversold while approaching the price levels of 1.0800. That’s when a temporary upside movement was approaching the price levels around 1.1200.

This recent movement towards 1.1200 was suggested for another SELL opportunity which has already reached its targets beyond the price level of 1.0400.

The previous ascending movement above 1.0600 enabled further advancement towards 1.0800 where evident bearish rejection arises again.

On the other hand, the pair remains trapped under selling pressure to challenge the recent daily low around 1.0350 until breakout occurs in either direction.

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

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2022

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