empty
 
 

27.06.202208:16 Forex Analysis & Reviews: Breaking forecast for EUR/USD on June 27, 2022

Although on Friday, the macroeconomic calendar was not rich in events, the euro was gradually gaining in value. Of course, the magnitude of the growth is not impressive, but it is still a rise. Since today the US is going to disclose a report on durable goods orders that may show a 0.3% decline, the euro is highly likely to go on climbing. The fact is that a drop in goods orders points to a possible decrease in retail sales. Notably, retail sales is the main indicator of consumer activity, which is the key driver of the whole economy. In other words, a fall in durable goods orders proves concerns about economic recession in the US. This information will inevitably push the greenback lower.

US Durable Goods Orders

Exchange Rates 27.06.2022 analysis

The euro/dollar pair is hovering within the range of 1.0500/1.0600, locally touching one limit after another without violating the range.

On the one-hour and four-hour charts, the RSI technical indicator is moving near the upper area of 50/70, corresponding to the price movement near the upper limit of the range. On the daily chart, the indicator is in the lower area of 30/50, reflecting the mid-term downtrend.

On the same time frames, the Alligator's MAs are providing a mixed signal due to the sideways movement. At the moment, the lines are headed upward, reflecting to the price hovering between the limits of the range.

Exchange Rates 27.06.2022 analysis

Outlook

Since the sideways movement is still intact, traders are considering the possibility of a rebound from the upper limit of the range. If the expectations come true, the quote may slow down, displaying bearish sentiment.

At the same time, traders suppose that the pair may break the range. The volume of long positions may surge if the price consolidates above 1.0600 on the four-hour chart.

In terms of the complex indicator analysis, we see that technical indicators are signaling buy opportunities on the short-term and intraday periods since the price is hovering within the range. On the mid-term period, technical indicators are pointing to a downtrend.

*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。

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。




  • 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
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    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
现在无法通话?
提出您的问题,用 在线帮助.