
Uniglobe Markets
June 19, 2025 at 07:03 AM
*EUR/USD Technical Overview*
EUR/USD has recently entered a short-term corrective phase following a strong bullish rally. The pair saw a rejection near 1.1620 and has since trended downward, testing the 1.1450 support zone. The RSI is below the 40 level, showing weakening momentum, while moving averages are starting to align bearishly.
Support and Resistance Levels
Support: 1.1445, 1.1390
Resistance: 1.1515, 1.1580
Buy Scenario
A clear bullish reversal from 1.1445 with price closing above 1.1515 could signal a recovery toward 1.1580 and higher.
Sell Scenario
Sustained rejection below 1.1515 and a break under 1.1445 would confirm further downside toward 1.1390.
