Forex trading signals and analysis for EURUSD – 20 June 2014

Forex trading signals and analysis for EURUSD – 20 June 2014

Analysis:

EURUSD bounced back strongly and broken 1.3585 after FOMC meeting. Yesterday, EURUSD continued to move up to 1.3640 zone and close the day above 1.3600.

Although the short term trend is up but we still think that the upside of EURUSD is limited. With no key reports scheduled today, EURUSD is expected to retest 1.36430 again and the next key resistant 1.3670. Today is already Friday, EURUSD moving range should be around 1.3670 – 1.3600 zone.

Our strategy today is to look for selling opportunities around 1.3670 zone.

Screenshot 2014-06-20 12.30.03

Forex Trading Signal:

Resistant zone:

+1.3970 – 1.400

+1.390

+1.3775

+1.3730

+1.3674

Support zone:

+1.3585 – 1.3600

+1.3500

+ 1.3476

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