empty
 
 
08.06.2023 08:11 PM
June 8, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

This image is no longer relevant

The EUR/USD pair faced strong resistance at 1.1500 and dropped to 1.0850, 1.0400, 1.0000, and finally, 0.9600.

The market bounced back from 1.0800-1.0850 but met with more sellers that pushed the prices down again.

The 1.0930 level was a key barrier for buyers, who could only lift the prices to 1.1000 briefly.

Therefore, the current level of 1.1000 was important to be watched watch for signs of selling pressure.

On the flip side, any dip to 1.0600 could attract buyers, who might drive the prices up again.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback