Quqas
2 min readJun 10, 2022

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EUR/USD Outlook: EUR/USD is in a free-fall after poking the June high

  • EUR/USD fail in sustains the upside trend momentum
  • The major pair broke a two-week trading range on Thursday.
  • The momentum oscillator, like the Relative Strength Index, holds onto the oversold zone with no signs of corrections in the near term.

The EUR/USD edged lower today in the initial New York session. The major pair broke a two-week trading range after hitting the June high at 1.0773 yesterday. At the time of writing, EUR/USD was trading at 1.0532, down (-0.7607%) for the intraday.

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