empty
 
 
Back Technical analysis
analytics6a1e8822a50e8.jpg
Back Technical analysis
EUR/USD Analysis and Forecast – June 2: Market Focus Remains on US-Iran Negotiations
EUR/USD fell below the 50.0% Fibonacci
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
EUR/USD fell below the 50.0% Fibonacci retracement level at 1.1630 on Monday. However, bulls quickly regained control and managed to close above this level on Tuesday. As a result, the upward move may continue today toward the 38.2% Fibonacci retracement level at 1.1682, provided that the geopolitical backdrop does not shift once again. A rebound from the 1.1682 level would favor the US dollar and trigger a new decline toward 1.1630. The wave structure on the hourly chart remains
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
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 June 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