empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

07.06.201822:51 Forex Analysis & Reviews: Trading plan for the US session on June 7 for the EUR/USD

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.

To open short positions on EURUSD it is required:

Buyers made the first attempt to gain a foothold above the level of 1.1828, but did not do it in the morning. However, while trade is in this range, the chance of further upward movement to the area of new monthly highs of 1.1875 and 1.1923 remains quite high. It is there that it is recommended to record profits. In the case of a decline in the euro in the afternoon, long positions can be estimated from support levels 1.1780 and 1.1739.

To open short positions on EURUSD it is required:

In case of another unsuccessful attempt to consolidate and return to the level of 1.1828, the pressure on the euro will increase, which will come to a quick descending correction to the area of 1.1782 and 1.1739, where it is recommended recording profits. In the case of continued growth on the trend, selling can be sought in the area of 1.1875 and 1.1923.

Exchange Rates 07.06.2018 analysis

Description of indicators

  • MA (moving average) 50 days - yellow
  • MA (moving average) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA
  • Bollinger Bands 20
Miroslaw Bawulski
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off