EUR/USD:Impending Bearish Move with 1.06500 Target Area in Focus

6 ביוני 2023

In the recent hours, there has been a noteworthy development in the EUR/USD currency pair as it moves closer to a fresh and relatively proximate market movement. Currently, the price is gradually approaching a dynamic trendline that has historically functioned as a support level. Based on our analysis, we anticipate the emergence of a new bearish impulse in the near future, with a target area around 1.06500. This projection aligns with the potential downward movement of the currency pair, suggesting a potential decline in value for the Euro against the US Dollar.