Technical Analysis 20 June – Bullish outlook on EURUSD

Home > Trading Views > Technical Analysis 20 June – Bullish outlook on EURUSD

On the H1 timeframe, prices are holding above a key support level 1.03800. A throwback to support level at 1.04500, in line with the 0.618 Fibonacci extension provides an opportunity to play a bounce with 1.06500 as the resistance target, in line with the 61.8% Fibonacci retracement.



Bullish outlook on EURUSD: 20 June 2022 by OrtegaCapital on TradingView.com

More Posts

May 2022 Market Wrap

Dollar retreated from its recent high following expectations that the Fed could pause its tightening cycle after hikes of 50 basis points in June and

April 2022 Market Wrap

Dollar extended its rally reaching 103 level, a high not seen in nearly 2 years, as prospects of higher interest rates from the Fed to