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28.06.2019 07:17 AM
Technical analysis of EUR/USD for 28/06/2019:

Technical Overview:

The EUR/USD pair has been trading in a narrow consolidation zone located between the levels of 1.1347 - 1.1406. There is still a chance for a move up if the support at the level of 1.1347 holds, but if it will not, then the next support is seen at the level of 1.1268. Please notice the RSI indicator is barely holding above the level of fifty, so the technical support reaction to the bearish pressure is very important and it is worth to keep an eye on it.

Weekly Pivot Points:

WR3 - 1.1662

WR2 - 1.1520

WR1 - 1.1459

Weekly Pivot - 1.1309

WS1 - 1.1258

WS2 - 1.1120

WS3 - 1.1064

Trading Recommendations:

The current move up might the beginning of a larger impulsive breakout, so only the buy orders should be opened. The best strategy for this market is to open the buy orders during the local pull-back or larger corrections.

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