empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

06.06.202417:56 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading Signals for EUR/USD for June 6-8, 2024: buy above 1.0870 (21 SMA - 6/8 Murray)

Exchange Rates 06.06.2024 analysis

Early in the American session, the EUR/USD pair is trading around 1.0874 within an uptrend channel and above support coinciding with 6/8 Murray. The instrument is following a bullish bias but showing signs of exhaustion.

The euro has been consolidating on the H4 chart. We see it trading above 6/8 Murray, but it finds it difficult to break the uptrend channel and consolidate above 1.0925.

If the euro continues to rise, we could look for opportunities to buy above 1.0870, with targets at 1.0900 and 1.0925.

On the contrary, in case the euro falls below 6/8 Murray, it will be seen as a sell signal and we could sell EUR/USD with the target at 5/8 Murray around 1.0803.

The eagle indicator is giving a negative signal. Hence, it is likely that if the euro breaks the secondary uptrend channel, the instrument could accelerate its decline and fall to the support zone of 1.0818 to 1.0800.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.