EURUSD 1D | Market Outlook | 22-26/06/20

- EURUSD rejected 1.1422 short term top. Initial bias stays on the downside this week to reach 1st support of 38.2% retracement at 1.11250.
- In the bigger picture, as long as 1.1496 area holds as a resistance, whole downtrend from 1.2555 (2018 high) should still be in progress. Next target is 1.0339 (2017 low). However a sustained break of 1.1496 level, a bias will be turned into bullish for retesting 1.2555.