On June 21, EURUSD edged down 0.12% to close at 1.15222 following mixed PMI data from the Eurozone. The H4 chart shows that price remains within the main ascending channel, forming a lower high around 1.16300 — a signal of a short-term corrective phase.
Currently, EURUSD is consolidating sideways near an unfilled Fair Value Gap (FVG) resistance zone. If price fails to break above this level, a short-term drop toward the ascending channel support at 1.14860 is likely, before a potential rebound toward 1.15860 and possibly 1.16300.
Short-term strategy: Watch price action near the trendline support. If clear bullish rejection appears, this could offer a buying opportunity in line with the broader trend, targeting a recovery to recent highs.
Currently, EURUSD is consolidating sideways near an unfilled Fair Value Gap (FVG) resistance zone. If price fails to break above this level, a short-term drop toward the ascending channel support at 1.14860 is likely, before a potential rebound toward 1.15860 and possibly 1.16300.
Short-term strategy: Watch price action near the trendline support. If clear bullish rejection appears, this could offer a buying opportunity in line with the broader trend, targeting a recovery to recent highs.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.