Intraday technical levels and trading recommendations for EUR/USD for June 13, 2018 888011000 110888 Daily Outlook In April 2018, the short-term outlook turned to become bearish when the EUR/USD set preserved trading listed below the broken uptrend along with the lower limit of the depicted consolidation range.Bearish persistence listed below the price level of 1.2200 allowed further bearish decline towards the rate levels of 1.1990 and 1.1880. As pointed out, the rate zone( 1.1850-1.1750) provided short-term bullish rejection towards 1.1990 where a coming down high was established.The EUR/USD bulls failed to pursue to greater bullish targets. Rather, additional bearish momentum was expressed in the market.Currently, the price zone (1.1850-1.1750 )is now thought about a prominent Supply zone to be expected bearish rejection and possible SELL entries. S/L should be placed above 1.1900. That’s why the bearish perseverance listed below 1.1700-1.1750(zone of previous daily lows )is currently had to enhance further bearish decrease towards 1.1400(the previously pointed out monthly key-level). The product has actually been offered by InstaForex Company- www.instaforex.com

By | June 13, 2018

Leave a Reply

Your email address will not be published. Required fields are marked *