Technical analysis of EUR/USD for June 08, 2018 888011000 110888 Technical Outlook: EUR/USD is expected to trade with a bullish outlook. The set pulled back from 1.1835 and broke below its 50-day and 20-day moving averages. The death cross between the 20-day and 50-day moving averages has actually been recognized. The relative strength index is around its neutrality area, requiring a further debt consolidation. As long as 1.1720 is not gone beyond, look for a brand-new test with targets at 1.1790 and 1.1810 in extension.Fundamental Overview:, The U.S. dollar continued to lose ground to the euro, as more investors anticipated the European Central Bank to hint the winding down of its bond-buying program at next week’s financial policy conference. EUR/USD marked a day-high of 1.1840, its highest intraday level since May 16. Chart Description: The black line reveals the pivot point. Presently, the rate is above the pivot point which is a signal for long positions. If it remains listed below the pivot point, it will show brief positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be utilized to go intoand exit trades.Resistance levels: 1.1790, 1.1810, 1.1840Assistance levels: 1.17680, 1.1640, 1.1600The product has been offered by InstaForex Company – www.instaforex.com

By | June 8, 2018

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