Forex trading signals and analysis for EURUSD – 17 June 2014

Forex trading signals and analysis for EURUSD – 17 June 2014

Analysis:

Yesterday, EURUSD bounced back after testing 1.35150 and Europe CPI data. 1.3500 zone looks like a very strong support for EURUSD, everybody is watching at 1.3500 to see if it can hold or not. Although it is not easy for EURUSD to break 1.3500, the upside is also limited.

In the early Asian trading session, EURUSD moved to test 1.3587 zone and failed to break this level and currently trading lower around 1.3560.

We expect that EURUSD will retest 1.3587 – 1.360 zone again during European trading session and our strategy today is to look for selling signals around this zone.

Screenshot 2014-06-17 12.01.07

Forex trading signal:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.3775

+1.3730

+1.3674

+1.3585 – 1.3600

Support zone:

+1.3500

+ 1.3476

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