Analysis of EUR / USD Divergences on June 28. The American currency is in the lead the second day in a row.

4h

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The EUR / USD pair on the 4-hour chart executed the fixation under the correction level of 76.4% - 1.1589. As a result, on June 28, the process of falling quotations can be continued in the direction of the next corrective level of 100.0% - 1,1508. The retreat of the pair from the Fibo level of 100.0% will allow traders to count on a turn in favor of the euro and a return to the correction level of 76.4%. Fixing the pair below the Fibo level of 100.0% will increase the chances of further falling towards the next correction level of 127.2% - 1.1415.

The Fibo grid is built on extremes from May 29, 2018, and June 14, 2018.

Daily

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On the 24-hour chart, the pair quotes performed a return to the correction level of 100.0% - 1.1553. The pair's exit from the Fibo level of 100.0% will allow traders to expect a turn in favor of the EU currency and some growth towards the correctional level of 76.4% - 1.1789. Brewing divergences today is not observed in any indicator. Fixing the pair below the Fibo level of 100.0% will increase the chances of continuing the fall towards the next correction level of 127.2% - 1.1285.

The Fibo grid is built on extremes from November 7, 2017, and February 16, 2018.

Recommendations for traders:

Buy EUR / USD will be possible with a target of 1.1589, and with a Stop Loss order under the correction level of 100.0%, if there is a retreat from the Fibo level 1,1508.

Sales of the EUR / USD pair can be held for 1,1508, as there was a close under the correction level of 76.4%, and with a Stop Loss order above 1.1589.

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