EUR/USD: update for a trade

EUR/USD: update for a trade

2021-06-14 • Updated

4H Chart

EURUSD h4.png

Daily Chart

EURUSD daily.png

EUR/USD declined on Friday reaching as low as 1.2093, while our short positions from 1.2180 and 1.2205 are now in profit with over +200 pips combined. The technical indicators are clearly bearish, which confirms the short-term retracement outlook. In the meantime, 1.2090 should be watched very carefully as it represents its 50-day MA, while a breakthrough that support level would clear the way for further declines ahead, possibly towards 1.2042 which represents its 200-day MA. On the upside view, any rally is likely to be capped below 1.22 and if you missed our entry last week, this week the selling zone stands between 1.2131 and 1.2143.

S3

S2

S1

Pivot

R1

R2

R3

1.1932

1.2032

1.2070

1.2132

1.2170

1.2232

1.2332

TRADE NOW

Similar

Can a recession be avoided? 
Can a recession be avoided? 

The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession. 

British pound breakout soon?
British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

Latest news

CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY

How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…

CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE

Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera