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14.06.201916:14 Forex Analysis & Reviews: EUR/USD analysis for June 14,2019

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.

Exchange Rates 14.06.2019 analysis

EUR/USD has been trading downwards today as we predicted yesterday. The price tested the level of 1.12318. Strong downward movement is present and our advice is to watch for any rally for selling opportunities.

Blue rectangle - horizontal support 1 (1.1210)

Pink rectangle- horizontal support 2 (1.1120)

White line – Broken support trendline

Blue lines – Broken upward channel in the background

Strong downward momentum today is the result of the broken important support from yesterday. MACD oscillator is showing us new momentum down, which is sign that buying looks extremely risky today. Downward targets are set at the price of 1.1210 and 1.1120. Resistance levels are set at the price of 1.1269 and 1.1288.We found no signs of any reversal yet, so it is safe to watch for selling opportunities on the rallies.,
Petar Jacimovic
Analytical expert of InstaForex
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