EUR/USD analysis, June 14, 2022
On the daily candle chart
The EUR/USD currency pair continued its decline this week in the descending channel pattern, which has guided the rate down since January.
The decline of the pair is highly likely going to find support in the area at 1.0371/1.0343.
If the support area fails to hold, it is likely that the rate could continue its decline to 1.0200 and 1.0100.
Meanwhile, a potential recovery of the Euro against the US Dollar is set to encounter resistance at 1.0650 and 1.0785.
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