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09.06.2025 03:20 PM
Early in the American session, the EUR/USD pair is trading around 1.1416, showing signs of exhaustion and undergoing a technical correction after reaching the top of the bullish channel around the psychological level of 1.15.
We believe the euro could continue to fall as a bearish continuation pattern is forming, but we should expect it to fall below 1.1400, which could then reach the bottom of the bullish trend channel around 1.1297 or around the 200 EMA located at 1.1297.
The Eagle indicator is showing a negative signal, and we will look for opportunities to sell the euro in the coming hours below 1.1420. A pullback to the Murray 6/8 will be seen as a selling signal.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
