The EUR/USD pair weakened in early June but managed to hold above critical support levels at 1.1575 and 1.1499. Throughout the period, the intraday bias remained neutral with expected consolidations below the 1.1685 resistance level. Despite this stability, downside risks persist as long as resistance holds, with a potential technical target of 1.1408.
The EUR/USD pair is consolidating above key support levels, though downside risks remain prevalent as long as it trades below the 1.1685 resistance mark.
Read the full storyThe Euro remains in a neutral consolidation phase above 1.1499 support, though the broader outlook stays bearish below the 1.1685 resistance level.
In a move reflecting intensified selling pressure on the single currency, the EUR/USD pair has officially broken through the critical support level of 1.1575.