Categories: Technical analysis

EURUSD Wave Analysis – 6 June 2025

EURUSD: ⬇️ Sell

– EURUSD reversed from the resistance zone

– Likely to fall to support level 1.1350

EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.1475 (which has been reversing the price from the start of April) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star,

Given the overbought daily Stochastic, EURUSD currency pair can be expected to fall to the next support level 1.1350.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: EURUSD

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