empty
 
 
20.06.2024 05:59 AM
Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Thursday June 20 2024.

This image is no longer relevant

If we look at the 4-hour chart of the main EUR/USD currency pair, then several interesting things can be seen, namely firstly there is the appearance of a Bearish 123 pattern followed by several Bearish Ross Hook (RH) then secondly this condition is also confirmed by the appearance of deviations between movements. Fiber price with the Stochastic Oscillator indicator and thirdly the price movement moves below the 100 MA which also has a downward slope which based on these three things gives an indication that in the near future EUR/USD will try to test the 1,0725 level. If this level is successfully broken, then 1,0668 will becomes the main target to be aimed at, even if the momentum and volatility are supportive, it is not impossible that level 1,0611 will be the next target to be aimed at, but please pay attention to level 1,0808, if this level is successfully broken above, then all the weakening scenarios that have been described will become invalid and automatically cancel itself.

(Disclaimer)

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 $1000 more!
    In June we raffle $1000 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