empty
 
 
11.06.2021 08:34 PM
June 11, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

This image is no longer relevant

Recently, finding significant demand around 1.2000, has allowed another bullish movement to pursue towards higher price levels ( 1.2100 - 1.2130 ) where bearish rejection was previously anticipated.

Although transient bullish breakout above this zone was temporarily expressed, the pair has failed to maintain bullish movement above 1.2130.

Bearish persistence below the price zone of 1.2050-1.2000 was needed to establish a short-term downtrend.

However, the price zone around 1.1970 has provided significant bullish demand so far leading to the current bullish breakout above 1.2050 up to 1.2250.

Recently, Bullish trades were considered risky. That's why, we were waiting for signs of bearish rejection like what happened earlier last week.

On the other hand, the price zone of 1.2110-1.2130 stood as an intraday demand zone which offered bullish support until it got broken to the downside ( earlier today ).

Bearish re-closure below 1.2100 then 1.2050 is needed for more bearish domination. If so, Next bearish targets would be located around 1.2020 then 1.1990.

Mohamed Samy,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback