empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

06.06.202307:42 Forex Analysis & Reviews: Trading plan for EURUSD on June 06, 2023

Exchange Rates 06.06.2023 analysis

Technical outlook:

EURUSD has resumed its sideways action between 1.0650 and 1.0750 as expected. The single currency pair is seen to be trading close to 1.0725 at this point in writing and could drop to 1.0695 before resuming higher towards 1.0750-60 levels. The above triangle consolidation is expected to continue for a while before prices break lower through 1.0500.

EURUSD has been unfolding a larger-degree Wave C towards 1.0500 to complete the complex corrective phase, which started from the 1.1035 highs earlier. Also, note that 1.0500 is the Fibonacci 0.382 retracement of its previous larger-degree upswing between 0.9535 and 1.1035 levels respectively. The high probability remains for a bullish turn if prices slip to 1.0500.

EURUSD is into its last leg after printing intraday highs at 1.0779 over the last week. Resistance is strong around the 1.0820-30 zone. If the instrument manages to rally, the bears will be prepared to drag prices lower again. On the flip side, a break below 1.0640 will accelerate a drop towards 1.0500 in the near term.

Trading idea:

A potential drop to 1.0500 against 1.0850

Good luck!

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.