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

25.06.202009:51 Forex Analysis & Reviews: Technical analysis recommendations for EUR/USD and GBP/USD on June 25

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.

EUR / USD

Exchange Rates 25.06.2020 analysis

The players to increase took control of the daily short-term trend and tried to do the same with the monthly medium-term trend, but the result was disappointing. The daily rebound is formed from the monthly medium-term, while the daily Tenkan switched to the side of the bears again. It should be noted that now the development of the bearish moods will be restrained by the support zone, because it is quite wide and combines many important and strong levels of Ichimoku. Previously, the support zone was designated within 1.1225 (weekly Senkou Span B) - 1.1190 (monthly Fibo Kijun) - 1.1167 (weekly Fibo Kijun) - 1.1147 (daily Kijun) - 1.1108 (weekly Senkou Span A) - 1.1065 (weekly cross + monthly Tenkan + daily cloud). At the moment, it retains its location and significance.

Exchange Rates 25.06.2020 analysis

The development of a downward correction has brought its results. Now, the players to decline are near to a complete victory in the lower halves. A consolidation below the weekly long-term trend (1.1248) and the reversal of the moving can strengthen the bearish position, the only thing in the circumstances is to understand that the further development of the decline depends entirely on the passage of the higher halves that are now in close proximity (first support 1.1225) and form a wide zone, following each other. On the other hand, returning to the side of the players to increase the central Pivot level (1.1275) can delay the development of the situation and serve as the beginning of the formation of uncertainty so that this does not happen and the players to increase to increase had further prospects, it is important for them to update the maximum extrema 1.1349 and 1.1422 in the near future.

GBP / USD

Exchange Rates 25.06.2020 analysis

The players to decline were active again, putting questions on the elimination of the Ichimoku gold crosses on the daily (Fibo Kijun 1.2410) and weekly (Kijun 1.2349) time frames on the agenda. The attraction and its influence on the development of the situation are now exerted by levels 1.2440-60 (Tenkans of the month and week). The zone of concentration of strong supports is the area 1.2349 - 1.2317 - 1.2262 (weekly Kijun + monthly Fibo Kijun + lower border of the daily cloud). The key resistances of this section remain at 1.2569-95 (weekly Fibo Kijun + monthly Kijun).

Exchange Rates 25.06.2020 analysis

At lower time intervals, advantage is now enjoyed by the players to decline. The pivot points for the intraday decline are support for the classic Pivot levels 1.2372 - 1.2329 - 1.2244. The key resistance on H1 is joining forces at the moment at 1.2457-42 (central Pivot level + weekly long-term trend). This zone of resistance is reinforced by the levels of high halves, so a reliable consolidation above is able to make its own corrections both in the distribution of forces and in the future prospects of the situation.

Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)

Evangelos Poulakis
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