Forex Technical Analysis, EUR/USD Daily Forecast June 9, 2016

0
273

Forex Technical Analysis, EUR/USD Daily Forecast June 9, 2016

Technical Analysis – The EUR/USD pair rose during the day on Wednesday, breaking above the 1.14 level. This is a good sign, as it appears that the Euro will try to reach towards the 1.15 level again. We believe that short-term pullbacks will more than likely be short-term buying opportunities but beyond that we don’t see much in this chart. The impulsivity that we had witnessed on Friday seems to be continuing, although at a much slower rate. We have no interest in selling this pair at the moment due to the horrific jobs number last week.

In Other View Point – EURUSD losing up momentum to the resistance.
Technical AnalysisCourtesy: http://www.fxempire.com/technical/technical-analysis-reports/eurusd-forecast-june-9-2016-technical-analysis-342865

NO COMMENTS