FX.co ★ EUR/USD analysis for June 02, 2020 - Upward extension and the old trading channel became active again. Watch for downside opportunities.

News :

Technical analysis:

EUR/USD has been trading upwards but I found that EUR is way extend to the upside and the downside rotation is possible. The resistance is found at the price of 1,1180.

Trading recommendation:

Downward targets are set at the price of 1,1140 and 1,1120

Main resistance is set at 1,1180