empty
 
 
01.06.2020 09:20 AM
EUR/USD: technical analysis for June 2020

Trend analysis

In June, EUR/USD is expected to develop the upward move with the first target at 1.1167 that is 61.8% retracement (the blue dotted line). In case this line is breached, the second upward target will be 1.1275 that is 76.4% retracement (the blue dotted line). The final target of the month is seen at 1.1371 (the red bold line). From that level, it would be a nice idea to trade downwards with the first downward target of 1.1178-21 that is an emerging moving average (the black thin line).

This image is no longer relevant

Fig 1 (a one-month chart)

Indicator analysis

  • Indicator analysis suggests uptrend
  • Finobacci levels suggest uptrend
  • Trade volumes suggest uptrend
  • Bollinger bands suggest downtrend

Conclusion from complex analysis. The most probable scenario is the uptrend.

Let's figure out the EUR/USD candlestick according to a one-month chart. The price is likely to trade higher amid the lack of the first lower shade (the upper shade on the first week of June) of a one-week white candlestick. Another thought is the lack of the second upper shade (the white candle on the final week).

The most plausible upper scenario. The May candlestick closed at 1.1099. From this level, the upward target is set at 1.1275 that is 76.4% retracement level (the blue dotted line).

The least plausible lower scenario. From the level of 1.1099, traders might plan deals downwards with the target of 1.1072 that 14.6% retracement level (the red dotted line). The next downward target is 1.1023 that is 23.6% retracement level (the red dotted line).

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget