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25.06.201909:47 Forex Analysis & Reviews: Burning forecast 06.25.2019 EURUSD and trading recommendation

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 25.06.2019 analysis

The EURUSD rate holds the growth trend set by the Fed's decision to consider a decline in the dollar rate in the following months. This caused the dollar to generally fall against major currencies, gold and oil.

The next important news - at the end of the week - the Trump-China talks - at the G-20 summit in Japan. Expectations: Trump and China agree on a trade-off on trade disputes.

EURUSD: The trend is in force, but a considerable distance has already passed from the beginning (from 1.1250 to 1.1410) - a deep correction is quite likely before the new growth. The correction may have a daily scope.

In terms of technical analysis, purchases are possible from 1.1350, from 1.1320, from 1.1300 and from 1.1280

Dean Leo
Analytical expert of InstaForex
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