empty
 
 
10.06.2022 05:14 PM
Technical analysis of EUR/USD for June 10, 2022

Overview:

As expected, the EUR/USD pair continues to move downwards from the level of 1.0618. Yesterday, the pair dropped from the level of 1.0618 to the bottom around 1.0514.

Today, the first resistance level is seen at 1.0568 followed by 1.0618, while daily support 1 is seen at 1.0449.

According to the previous events, the EUR/USD pair is still moving between the levels of 1.0618 and 1.0449; for that we expect a range of 169 pips (1.0618 - 1.0449).

Currently, the price is in a bearish channel. This is confirmed by the RSI indicator signaling that we are still in a bearish trending market.

This image is no longer relevant

As the price is still below the moving average (100), immediate resistance is seen at 1.0618, which coincides with a golden ratio (61.8% of Fibonacci).

If the EUR/USD pair fails to break through the resistance level of 1.0618 , the market will decline further to 1.0449.

This would suggest a bearish market because the RSI indicator is still in a positive area and does not show any trend-reversal signs.

The pair is expected to drop lower towards at least 1.0345 with a view to test the daily bottom .

On the contrary, if a breakout takes place at the resistance level of 1.0618 (the double top), then this scenario may become invalidated.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $10000 more!
    In January we raffle $10000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback