For Traders

Analytical Reviews

Technical analysis

14.06.201809:24 Forex Analysis & Reviews: Technical analysis on EUR/USD for June 14, 2018

Long-term review

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.

Exactly in accordance with our strategy, the EURUSD pair fell towards 1.1740-1.17 support area and is now challenging yesterday's highs and resistance levels after the FOMC meeting. The up trend in EURUSD is not over. Our nearest target is 1.20 and we remain bullish.

Yellow rectangle - support area

Magenta line - expectation

So far so good. The price has pulled back towards our yellow rectangle area, and after the FOMC the bounce has started. The price is about to break the recent highs and continue its bounce towards the cloud resistance of 1.20. As long as we are trading above yesterday's lows I will remain bullish on EURUSD, expecting 1.20 as my minimum target.

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.