empty
 
 
25.06.2014 02:21 PM
Technical analysis of EUR/USD for June 25, 2014
This image is no longer relevant
Overview
  • The market was in uptrend. Moreover, the trend was clear because the price moved lower to 1.3584; but the price of EUR/USD pair has been rebounding higher towards the level of 1.3622. According to the previous events, the price of EUR/USD pair is going to move between the level of 1.3570 and 1.3520. Therefore, we expect a range of 64 pips on June 25, 2014. Also, it should be noted that the price of 1.3584 is the key level to confirm the bullish market. The level of 1.3584 is representing the weekly pivot point. Buy above the level of 1.3577 (50% of Fibonacci retracement levels), with the first target of 1.3615, it might resume to the 1.3642 price in order to form a double top in H1 chart. Conversely, the price may close below 1.3562 (38.2% of Fibonacci retracement levels) in H1 chart. Consequently, the price will call for a bearish market to go further towards the level of 1.3527 to test it. However, it should be noted that the stop loss should never exceed your maximum exposure amounts.
Summary
Urgency
Analytic
Mourad El Keddani
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 $6000 more!
    In December we raffle $6000 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