09.06.202607:02 Forex Analysis & Reviews: Trading Signals for EUR/USD on June 9-11, 2026: buy above 1.1500 (21 SMA - 6/8 Murray)

Relevance up to 01:00 2026-06-23 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro is trading around 1.1534, rebounding after reaching the 1.1499 area. The euro could recover some of last week's losses if it consolidates above the psychological level of 1.1500 in the coming days.

Given the euro's upward potential, we could open long positions at current price levels. Alternatively, if there is a technical correction to the 61.8% Fibonacci retracement level around 1.1520, we could then target the 21-period SMA around 1.1575 and ultimately expect it to reach 1.1645.

The Eagle indicator is showing a positive signal, so we believe the euro will continue its recovery in the coming days and could reach the upper band of the descending trend channel around 1.1675 in the short term.

Conversely, if bearish forces prevail, the euro has strong support around the 6/8 Murray level at 1.1474. This level is key and could be a turning point for a sustained recovery in the short term.

Our trading plan for the next few hours is to buy the euro if a technical correction occurs and while the price remains above 1.1500, with targets at 1.1575 and 1.1645.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.