logo

FX.co ★ Indicator analysis: Daily review of EUR/USD on June 15, 2023

Indicator analysis: Daily review of EUR/USD on June 15, 2023

Trend analysis (Fig. 1).

The market may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0810, the 23.6% pullback level (blue dotted line). From this level, the price may move upwards with the target of 1.0919, the 61.8% pullback level (red dotted line).

Indicator analysis: Daily review of EUR/USD on June 15, 2023

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis - down;
  • Fibonacci levels - down;
  • Volumes - up;
  • Candlestick analysis - down;
  • Trend analysis - up;
  • Bollinger bands - up;
  • Weekly chart - up.

General conclusion:

Today, the price may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0810, the 23.6% pullback level (blue dotted line). From this level, an upward movement is possible with the target of 1.0919, the 61.8% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.0824 (closing of yesterday's daily candle) to 1.0776, the 38.2% pullback level (blue dotted line). From this level, the price may move upwards with the target of 1.0865, the 50% pullback level (red dotted line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account