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

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Forex Analysis:::2022-06-24T12:20:36

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

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

Analyst InstaForex
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