shopify stats

EUR/USD Analysis, Expectations Bearish, Reach at 1.3585 for June, 20 2014

June 20, 2014 9:29 am

Yesterday EUR/USD currency pair move as our expectation, but this pair not move 1.3660 level even US Stock Exchange  fully fluctuate and gold move upward, this is amazing movements. So, EUR/USD close downward direction because last H4 candles have fully bearish pattern and today H4 candle shows that bullish pattern but not move upward.

Today EUR/USD Overview:

Today preferred outlook of this pair confirm drift down at support level 1.3585 – 1.3570, and today EUR/USD currency pair close in range 1.3600. Last two day this currency pair have full bullish pattern and yesterday last three H4 candles have bearish pattern and technically today bearish expectations.

Fundamental Overview:

Today not any high and medium importance fundamental event and may be EUR/USD currency pair not break technical expectations, but US Fed face some crisis in their improvement of economy may be due to this reason today this currency pair move upward if break 1.36.45 level then may be bullish pattern continue and if reach near 1.3610 level then this currency pair move as our technical expectations.

Recommendation:

I think today EUR/USD movements as per our technical analysis base, so sell trade is best.

Tags:

Comments are closed