06.06.202309:09 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on June 6

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Slightly worse business activity data in the US prompted the highly-anticipated correction on dollar, as service activity reportedly stood at 54.9 points and composite business activity reached a level of 54.3 points. Although the indices showed very little increase if compared to the previous month's data, the modest growth is enough for market players to pull up the overbought dollar.

However, dollar remains significantly overbought, and the market will continue to seize any opportunity to further weaken the currency. The retail sales data in the eurozone due out today may serve this purpose, especially since the pace of its decline could show a slowdown from -3.8% to -3.7%.

EUR/USD rose slightly as the downward trend slowed around the level of 1.0680. If the quote continues to rise above the level of 1.0750, an upward cycle will form, ultimately leading to a retest of last week's local high. As for the downside scenario, a consolidation below the level of 1.0700 may increase the volume of short positions.

A rebound could be observed in GBP/USD, starting from the support level around 1.2350. Staying above the level of 1.2450 will lead to a further increase in the pair, while a return below the level of 1.2400 may lead to another attempt to break the support level at 1.2350.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.