EURUSD 27 Jun 2024 On the weekly timeframe, EURUSD is still sideways moving within the R1 and R2 ranges. Although this pair has experienced several trend reversals, there has been no significant change that brings EURUSD to continue to strengthen through R2 or weaken through R1. The pair is below the kumo after the previous session was bearish. However, there is now a bullish signal on the candlestick chart. In addition, the stochastic indicator shows oversold saturation, which indicates the possibility of the bullish trend continuing. Traders should remain vigilant and look for additional confirmation from other technical indicators to confirm this potential trend change.
