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> The Analytical Overview of EURUSD on 2017.06.12
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The Analytical Overview of EURUSD on 2017.06.12

JustForex

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Technical indicators of the currency pair:
Prev Open: 1.12051
Open: 1.12066
% chg. over the last day: -0.16
Day's range: 1.11967 – 1.12166
52 wk range: 1.0366 – 1.1616
Last week, the bearish sentiment prevailed on EUR/USD. At the moment, the technical pattern is ambiguous. The key trading range is still 1.11800-1.12250. Trading during the Asian session was calm. The market is waiting for additional drivers. We recommend opening positions from the key levels.
The news background is calm today.
The price is between 50 MA and 200 MA, which are strong dynamic levels of support and resistance.
The MACD histogram has moved into the positive zone and continues to rise, which indicates the EUR/USD quotations increase.
Stochastic Oscillator is located in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.11800, 1.11200
Resistance levels: 1.12250, 1.12800
If the price consolidates below the support level of 1.11800, you need to look for entry points to the market in order to open short positions. The movement is tending potentially to 1.11500-1.11200.
Alternative option. If the EUR/USD quotes overcome the level of 1.12250, the bullish sentiment may prevail. The target level of movement is 1.12600-1.12800.

JustForex Review

Source: https://justforex.com/analytics/daily-forecast-2017-06-12
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