EUR/USD analysis for June 15, 2017

analytics59425f6926fdf.png

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1156. Acorrding to the 5M time frame, I found that sellers are are setting the tone for the trade today and that price broke L4 (Camarilla support), which is a sign that buying looks risky. My advice is to consider selling opportunities. The downward targets are set at the price of 1.1115 and 1.1060.

Resistance levels:

R1: 1.1230

R2: 1.1240

R3: 1.1250

Support levels:

S1: 1.1210

S2: 1.1200

S3: 1.1190

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/USD analysis for June 15, 2017

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*