EUR USD on Target for Test of 1.3611

The sharp sell-off in the EUR USD has this market in a position to challenge the pair of main bottoms at 1.3804 and 1.3791.

Analysis

The sharp sell-off in the EUR USD has this market in a position to challenge a pair of main bottoms at 1.3804 and 1.3791.  A break through these two bottoms will change the trend to down and fuel further weakness to the 50% retracement price at 1.3611.

Up trending Gann Angles from previous bottoms at 1.3422 and 1.2884 indicate that June 11th and 12th are the best dates for the market to reach its downside target.

Daily Chart

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