Russo-Ukrainian talks fail, EUR/USD continues to weaken

Fundamental analysis:

Russian presidential aide Ushakov said on June 14 that there has been no progress in the resumption of talks between Russia and Ukraine. According to a report by the TASS news agency on the 14th, Ushakov told the media on the same day that since the Russian side submitted the draft agreement to the Ukrainian side on April 15, the Russian side has not received any reply from the Ukrainian side. There may have been unofficial phone contacts during this period, but not at the delegation level, just between individual representatives, "and then it was all over".

EURUSD  Daily Chart:

Technical analysis: The daily moving average is in a short position, the exchange rate is weak and stopped falling, the MACD is running below the 0-axis and the volume can start to increase, the RSI tends to weaken, and it is expected that the short-term exchange rate will continue to decline. 

Long and short turning point: 1.0800

Suppression bit: 1.0960 1.1140

Support: 1.0630 1.0460 1.0230

Trading strategy: bearish below 1.0800, target 1.0630, 1.0460, 1.0230

Alternative strategy: bullish above 1.0800, target 1.0960, 1.1140

The above analysis is a personal opinion and is for reference only.