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FX.co ★ EUR/USD analysis for June 17, 2020 -Strong drop on the EUR as I expected. Still watch for selling opportunities towards the level os 1.1150

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Forex Analysis:::2020-06-17T11:23:59

EUR/USD analysis for June 17, 2020 -Strong drop on the EUR as I expected. Still watch for selling opportunities towards the level os 1.1150

Corona virus summary:

EUR/USD analysis for June 17, 2020 -Strong drop on the EUR as I expected. Still watch for selling opportunities towards the level os 1.1150

German ministers have criticised Donald Trump's plans to withdraw about 9,500 US troops from German soil, saying the move is likely to weaken America's own security architecture as well as European security.

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Technical analysis:

Trading recommendation:

Watch for selling opportunitieson the rallies with the potential targets at 1,1212 and 1,1150.

The trend is downward and the best strategy for today is to go with the trend and try to sell on the rallies using the intraday chart.

Resistance is set at 1,1300

Analyst InstaForex
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