EURUSD under pressure from the EU Commission

By Biznes-Broker | Analysis of the financial markets | 11 Jun 2021

EURUSD

After yesterday's data, or rather tweets that quoted Christine Lagarde's statements, we could expect more traffic. Many people were counting on leaving the flag formation but you can see that the levels defend themselves strongly. A few optimistic news helped other currency pairs, but in this case we are still waiting. As you can see, the price is still at the upper end of the channel, so it's worth watching this currency pair today. Entering a short position not earlier than after crossing the level of 1.2165 because at this level the last support is visible where the price often reacted.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/