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11.06.201809:35 Forex Analysis & Reviews: Weekly review from June 11 to 16 2018 on the EUR/USD pair.

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.

Trend analysis (Figure 1).

The price, moving upwards, closed above the recession level of 23.6% - 1.1756 (the blue dotted line).

Most likely next week, the upward movement will continue with the question, but the price can break through the upper fractal level 1.1830 (red dotted line). The first attempt failed.

Exchange Rates 11.06.2018 analysis

Fig. 2 (weekly chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up (blue dotted line);

- volumes - upwards;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- monthly graph - up.

Conclusion on complex analysis - up.

The total result of the calculation of the candle currency pair EUR/USD on a weekly chart: the price for a week is likely to have an upward trend with the absence of the first lower shadow of a weekly white candle and the absence of a second upper shadow.

The first upper target is the upper fractal level 1.1830 (red dashed line).

Stefan Doll
Analytical expert of InstaForex
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