Detailed FX Market Outlook and Analysis

EUR/USD Daily Analysis 14-June-2022

EUR/USD Daily Analysis

Intraday bias in EUR/USD stays on the downside for retesting 1.0348 and 1.0339 long-term support. Decisive break there will resume larger down trend. The next target is the long-term projection level at 1.0090. On the upside, above 1.0532 minor resistance will delay the bearish case, and turn intraday bias neutral first.

In the bigger picture, the focus stays on 1.0339 long-term support (2017 low). Decisive break there will resume whole down trend from 1.6039 (2008 high). The next target is a 61.8% projection of 1.3993 to 1.0339 from 1.2348 at 1.0090. However, a firm break of 1.0805 support turned resistance will delay this bearish case, and bring a stronger rebound first.

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