empty
 
 
03.06.2019 08:59 AM
Indicator analysis. Daily review for June 3, 2019 for the EUR / USD currency pair

On Friday, the market rallied up, and economic news played a significant role in this. The pair, while moving up, tested the pullback level of 61.8% - 1.1134 (blue dotted line) and closed below. On Monday, strong calendar news come out at 7.55 (euro) and 14.00 (dollar) Universal time.

Trend analysis (Fig. 1).

On Monday, the price may continue to move up with the first target of 1.1191 - the pullback level of 76.4% (blue dashed line), together with the resistance line. It will be difficult for the price to overcome this area for the first time.

This image is no longer relevant

Fig. 1 (daily schedule).

Comprehensive analysis:

- indicator analysis - up;

- Fibonacci levels - up;

- volumes - up;

- candlestick analysis - up;

- trend analysis - up;

- Bollinger lines - up;

- weekly schedule - up.

General conclusion:

On Monday, the price may continue to move up with the first target of 1.1191 - the pullback level of 76.4% (blue dashed line), together with the resistance line. After testing this level, a rollback is possible.

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
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 $5000 more!
    In November we raffle $5000 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