You are here: Home > articles > Forex > Indicator analysis: Daily review of EUR/USD on June 13, 2023
Indicator analysis: Daily review of EUR/USD on June 13, 2023
June 13, 2023 8:25 amVideo
Latest News
- Technical Analysis – Apple stock bounces off 1-year low April 29, 2024
- Technical Analysis – GBPUSD recovers from 5-month low April 29, 2024
- USD/JPY: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- EUR/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: trading plan for the US session on April 29th (analysis of morning deals). The pound continues to be bought at every April 29, 2024
- EUR/USD: trading plan for the US session on April 29th (analysis of morning deals). The euro remains locked in a side channel April 29, 2024
- Technical Analysis – USDJPY plummets after 34-year high of 160.20 April 29, 2024
- EUR/USD. April 29th. The bulls continue to advance April 29, 2024
- GBP/USD. April 29th. Bulls find it extremely difficult to move upwards, but this week could change everything April 29, 2024
- Market Comment – Yen spikes on suspected intervention; big week awaits the dollar April 29, 2024
- Forex forecast 04/29/2024: EUR/USD, GBP/USD, USD/JPY, EUR/JPY, GBP/JPY and BTC from Sebastian Seliga April 29, 2024
- Federal Reserve encounter troubles April 29, 2024
- Technical Analysis – EURUSD attempts recovery from 5-month low April 29, 2024
- USD/JPY: trading tips for beginners for European session on April 29 April 29, 2024
- EUR/USD: trading tips for beginners for European session on April 29 April 29, 2024
- Video market update for April 29, 2024 April 29, 2024
- Technical Analysis – US 500 cash index is in the green ahead of the Fed April 29, 2024
- Technical Analysis – Gold weakens its momentum April 29, 2024
- Forecast for EUR/USD on April 29, 2024 April 29, 2024
Trend analysis (Fig. 1).
The market may move upward from the level of 1.0756 (closing of yesterday’s daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the upward movement may continue with the target at 1.0865, the 50.0% pullback level (red dotted line). When testing this level, the price may move down.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.0756 (closing of yesterday’s daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the upward movement may continue with the target at 1.0865, the 50.0% pullback level (red dotted line). When testing this level, the price may move down.
Alternatively, the price may move upward from the level of 1.0756 (closing of yesterday’s daily candle) to test 1.0810, the 38.2% pullback level (red dotted line). From here, the price may move down with the target at 1.0773, the 21-day EMA (thin black line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: