empty
 
 
18.06.2021 10:10 AM
Indicator analysis. Daily review for EUR/USD on June 18, 2021

Trend analysis (Fig. 1)

Today, the price from the level of 1.1906 (closing of yesterday's daily candle) is rising and will try reaching the historical support level of 1.1954 (blue dotted line). After testing this level, the upward movement may continue with the target of 1.1980 – the pullback level of 23.6% (blue dotted line).

This image is no longer relevant

Figure 1 (daily chart)

Comprehensive analysis:

  • Indicator analysis - up
  • Fibonacci levels - up
  • Volumes - up
  • Candlestick analysis - up
  • Trend analysis - up
  • Bollinger lines - up
  • Weekly chart - up

General conclusion:

Today, the price from the level of 1.1906 (closing of yesterday's daily candle) is ascending and will make an attempt to reach the historical support level of 1.1954 (blue dotted line). Once this level is tested, it may further rise to the target set at 1.1980 – the pullback level of 23.6% (blue dotted line).

Alternatively, the price from the level of 1.1906 (closing of yesterday's daily candle) may continue to decline to the target of 1.1836 – the pullback level of 76.4% (red dotted line). After testing this level, it may rise to the target of 1.1892 – the lower fractal (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback