Relevance up to 15:00 2022-06-22 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In the Daily chart EURUSD is challenging the lower cloud boundary and both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). Resistance is important at 1.0570. Traders need to be cautious in case we see a rejection at resistance. We have a confluence of resistance levels around 1.0570. So a break above this level could be big news for bulls. If this happen, then I will be expecting price to move even higher towards the upper cloud boundary at 1.0770.
