Intraday Analysis for EURUSD, June 26, 2020

by Jun 26, 2020EURUSD Forecast

EURUSD Outlook

EURUSD Yesterday’s chart analysis

EURUSD has fallen down to its strongest support level in this range area. We have a range area that consists of the area between $1.11871 and $1.13427. I was waiting to see if the price came back to the support level at $1.11871 which is the second time in a week’s time frame.

We now have a range area that was touched two times on the resistance, $1.13427, and two times on the support, $1.11871. The price is holding between these two levels.

The wedge pattern that was broken did not fulfill its full potential and push the price above $1.13427. Sellers were too strong on the resistance level and currently there is a fight between bulls and bears.

 

EURUSD Daily Forecast 26_06_2020

Get Access to the Same “New York Close” Forex Charts

I am Using in My Analysis

EURUSD Chart Forecast

As we can see the price has stalled between $1.11871 and $1.12366. For now as it looks like the price is making some small range from which we will have a breakout.

We could see price making some moves to the first resistance at $1.12366 and to the first support at $1.11871. From there we will see what the price will do. Will the price manage to close above resistance level and continue to move the price up or will it close below where we will have a change in the direction.

There is something on the weekly chart that is worth paying attention to.

Entry EURUSD: If you want to see how to play this scenario join G-Trader

If you want to know how much pips EURUSD moves each day in a week or how much it moves on London or New York trading session, you should check this article: EUR/USD Pip Range Analysis

Trading Analysis Bonus

I am sharing trading analysis each week.

It is free and if you want to receive e-mail notification, sign up.

The market is not easily predictable and we need to prepare our self for bullish or bearish scenario. Risk management is crucial in Forex trading so play safe and set stop loss.

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

Frano Grgić

Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners. Market analysis is featured by Forex Factory next to large publications like DailyFX, Bloomberg... GetKnowTrading is becoming recognized among traders as a website with simple and effective market analysis.

Beginners Online Course

Check the best online trading course for beginners

Beginners Online Course

Check the best online trading course for beginners

FREE WORKSHOP

For beginners who does not know how and where to start with trading

In the workshop I will tell you

what steps to do in order 

to transform yourself into a trader

EURUSD Forecast – $1.06400 Bulls Target

EURUSD Forecast – $1.06400 Bulls Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.04700 and the price has done that. The retrace happened pretty quickly. Just in two days the price returned and reached that level. On Tuesday the price made a strong bullish...

read more
EURUSD Forecast – $1.04700 Retrace Target

EURUSD Forecast – $1.04700 Retrace Target

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a breakout from a range that was held inside for two weeks. The price made a breakout on Wednesday after testing the $1.05825 resistance three times. The same day price formed a bearish pin bar...

read more
EURUSD Forecast – Wait for a Breakout

EURUSD Forecast – Wait for a Breakout

EURUSD Analysis TodayPrevious EURUSD forecast talked about price making a retrace to $1.06736 and the price retraced, but only to $1.06410. It was close to the first target, but there is selling pressure on the upper side that is preventing that. If we check the...

read more

0 Comments

Pin It on Pinterest

Shares
Share This