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Pick of the Day EURUSD 06 June 2022

　　

EUR/USD Intraday: rebound.

Pivot Level: 1.0710

Our preference:
Long positions above 1.0710 with targets at 1.0750 & 1.0765 in extension.

Alternative scenario:
Below 1.0710 look for further downside with 1.0700 & 1.0685 as targets.

Comment:
The RSI shows upside momentum.

Note: The information is provided for reference purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs, and does not constitute investment advice. We encourage you to seek independent advice if necessary. VT Academy will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

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