empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

05.06.202417:55 Forex Analysis & Reviews: Trading Signals for EUR/USD for June 5-8, 2024: buy above 1.0864 (21 SMA - 6/8 Murray)

Exchange Rates 05.06.2024 analysis

Early in the American session, the Euro (EUR/USD) is trading around 1.0864, above the 6/8 Murray, and within the uptrend channel forming on the H4 chart since May 14.

The EUR/USD pair is showing signs of exhaustion. In case there is a pullback towards the 1.0900 area, it will be seen as an opportunity to sell with the target of 1.0864.

On the other hand, in case there is a sharp break below the 21 SMA located at 1.0868 and a consolidation below 1.0864 on the H4 chart, the outlook could be negative. So, the euro could reach 200 EMA located at 1.0814 and could even reach the bottom of the uptrend channel around 1.0800.

Market sentiment shows that there are 57.43% of traders who are selling the EUR/USD pair. This could be a negative signal for the euro in the coming days, but before that we could expect a bullish rebound.

If the euro consolidates above 1.0864 in the next few hours, we can buy with the target at 7/8 Murray located at 1.0925.

Since May 13, the eagle indicator has been showing a negative divergence. Therefore, we reckon that as long as EUR/USD trades below 1.0900, it will be seen as an opportunity to sell.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.