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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for June 19, 2017

analytics5947b9821d8e8.png

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1212. Anyway, according to the 1H time frame, I found a fake breakout of Friday's high at 1.1208, which is sign that buying looks risky. There is also a breakout of the upward trendline, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1145.

Resistance levels:

R1: 1.1215

R2: 1.1225

R3: 1.1245

Support levels:

S1: 1.1190

S2: 1.1175

S3: 1.1165

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com