EUR/USD remains trading in a narrow range with downside potential in the short term

2 min readJun 8, 2022

ANALYSIS | 6/8/2022 12:10:43 PM GMT

  • The EUR/USD pair consists of a head and shoulders formation, sending a downside signal
  • The Moving Average of 21 crosses below the 50 period on the 4-hour chart
  • The momentum oscillator’s relative strength index (RSI) stands in the neutral zone with light ascending upside momentum.

The EUR/USD edged higher in the initial European session. The major pair was trading in a narrow…