Forex trading signals and analysis for EURUSD – 12 June 2014

Forex trading signals and analysis for EURUSD – 12 June 2014

Analysis:

EURUSD is weakening day by day and it looks like there is no buyer in the market. EURUSD closed yesterday at 1.3530 zone, very close to the bottom 1.3500.

EURUSD moved up to test 1.35460 zone during asian session but failed to move higher and is moving lower toward 1.352 zone again in early of European trading session.

There will be some second tier reports from both Europe and US today and it is likely that 1.3500 support level will be break today. If this support level is broken, EURUSD will move down very fast toward 1.34000 zone.

Our strategy today to look for sell signals if EURUSD break 1.3500 zone of EURUSD move up to test 1.3560 – 1.35800 zone.

Screenshot 2014-06-12 13.19.46

Forex Trading Signal:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.3775

+1.3730

+1.3674

+1.3560 – 1.3585

Support zone:

+1.3500

+ 1.3476

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