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15.06.201712:21 Forex Analysis & Reviews: EUR/USD analysis for June 15, 2017

Long-term review

Exchange Rates 15.06.2017 analysis

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1156. Acorrding to the 5M time frame, I found that sellers are are setting the tone for the trade today and that price broke L4 (Camarilla support), which is a sign that buying looks risky. My advice is to consider selling opportunities. The downward targets are set at the price of 1.1115 and 1.1060.

Resistance levels:

R1: 1.1230

R2: 1.1240

R3: 1.1250

Support levels:

S1: 1.1210

S2: 1.1200

S3: 1.1190

Trading recommendations for today: watch for potential selling opportunities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2021
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