How about selling EUR/USD?

How about selling EUR/USD?

2021-06-08 • Updated

H4 Chart

eurusd h4.png

Daily Chart

eurusd d1.png

EUR/USD managed to recover some of its last week’s decline, rising for the 2nd day in a row (Friday & Monday). However, such upside momentum is unlikely to continue, especially after the pair broke its uptrend line on the daily chart last week. The current upside move should be considered as a short-term bounce before the downside retracement resumes. Therefore, it's worth it to risk some short positions between 1.2180 and 1.2205 today with stop loss at around 1.2225 only, while the euro may retest last week’s low, which stands at 1.2104. This would be our first target for this trade.

S3

S2

S1

Pivot

R1

R2

R3

1.2065

1.2122

1.2156

1.2179

1.2213

1.2236

1.2293

TRADE NOW

Similar

AUD/USD  is looking badly
AUD/USD is looking badly

AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.

Latest news

Microsoft hit record high
Microsoft hit record high

These days, investors’ attention is on Microsoft ahead of the company’s Windows 11 event on June 24.

Technical analysis for EUR/USD
Technical analysis for EUR/USD

EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.

Deposit with your local payment systems

Learn more

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