Intraday technical levels and trading suggestions for EUR/USD for June 14, 2018 888011000 110888 Daily Outlook In April 2018, the short-term outlook relied on become bearish when the EUR/USD set maintained trading below the broken uptrend as well as the lower limitation of the portrayed consolidation range.Bearish perseverance listed below the price level of 1.2200 permitted further bearish decrease towards the price levels of 1.1990 and 1.1880. As discussed, the price zone( 1.1850-1.1750) used temporary bullish rejection to 1.1990 where a coming down high was established.The EUR/USD bulls failed to pursue towards higher bullish targets. Instead, additional bearish momentum was revealed in the market.Currently, the rate zone(1.1850-1.1750)is considered a prominent Supply zone to be looked for bearish rejection and possible SELL entries. S/L ought to be placed above 1.1900. As expected, apparent bearish rejection is being revealed around the rate zone of( 1.1850-1.1750). This improves the bearish side of the market.That’s why, for EUR/USD sellers, bearish persistence listed below 1.1700-1.1750(zone of previous daily lows) is presently needed to boost more bearish decline to 1.1400 (the formerly mentioned regular monthly key-level) . The material has been offered by InstaForex

By | June 14, 2018

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