EURUSD – Analysis and Forex Trading Signals – 06 June 2014

EURUSD – Analysis and Forex Trading Signals – 06 June 2014

Analysis:

Yesterday was a very important day of the financial market when ECB annouced their monetary pocily as well as their interest rate decision. The news made a strong effect to the whole forex market with very high volatility and surprised traders.

As expected before, EURUSD broken 1.3685 to move down quickly after the news, however 1.35 is a key support level and EURUSD immediately reversed from this level and speed up to recover all the loss before and closed the day high at 1.3664.

The trend of EURUSD now turn bullish and we expect EURUSD will continue to move up in the next coming days.

Our strategy today is to look for buy signals if EURUSD retrace back to 1.3585 – 1.3600 zone, before NFP report when US market open.

Screenshot 2014-06-06 10.30.08

Forex Trading Signals:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.3775

+1.3730

+1.3674

Support zone:

+1.3585

+ 1.3566

+1.3500

+ 1.3476

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