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14.06.202110:40 Forex Analysis & Reviews: Indicator analysis. Daily review for the EUR/USD pair on June 14, 2021

Trend analysis (Fig. 1).

Today, the market from the level of 1.2107 (closing of last Friday's daily candlestick) may start moving upwards with the target at 1.2130 - the historical resistance level (blue dotted line). After testing this level, it may continue to move upwards with the target of 1.2155 - 21 EMA (black thin line). And upon reaching this line, the upward movement is likely to continue with the target of 1.2203 - the line of resistance (red bold line). And then, from this level, downward movement is possible.

Exchange Rates 14.06.2021 analysis

Figure 1 (Daily Chart).

Comprehensive analysis:

  • Indicator analysis - up;
  • Fibonacci levels - down;
  • Volumes - up;
  • Candlestick analysis - down;
  • Trend analysis - up;
  • Bollinger lines - up;
  • Weekly chart - up.

General conclusion:

Today, the price from the level of 1.2107 (closing of last Friday's daily candlestick) may start moving upwards with the target at 1.2130 - the historical resistance level (blue dotted line). After testing this level, it may continue to move upwards with the target of 1.2155 - 21 EMA (black thin line). And upon reaching this line, the upward movement is likely to continue with the target of 1.2203 - the line of resistance (red bold line). And then, from this level, downward movement is possible.

Alternative scenario: the price from the level of 1.2107 (closing of last Friday's daily candlestick) will start moving down, with the target at 1.2050 - the 38.2% retracement level (red dotted line). Upon testing this level, it is possible to begin moving upward.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Stefan Doll,
Analytical expert of InstaForex
© 2007-2021
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