empty
 
 
17.06.2020 05:52 AM
EUR/USD price movement, June 17, 2020

This image is no longer relevant

After failing to reach Primary Move (LP-Lower Peak) and sell-side liquidity pool at 1.1218, Fiber might try to move to the 4-hour chart bearish order block at 1.1315. Before this pair re-tests again the 1.1218 level, from the technical point of view, we can see a convergence (hidden divergence) between the Stochastic and the Price with the current price that is already moving bellow the Moving Average (Maroon). We believe that after making a secondary (up) movement, the EUR/USD pair will go down again id it does not rise and close above the 1.1352 level.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
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 $1000 more!
    In February we raffle $1000 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
  • 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