10.06.202116:31 Forex Analysis & Reviews: EUR/USD Technical Forecast for 10 June, 2021

Exchange Rates 10.06.2021 analysis

From a technical Perspective ,

The daily performance of EUR/USD keeps the erratic course so far in the 1.2150-1.2200 range on Thursday.The EUR/USD pair is modestly up, trading in the 1.2190 price zone. The near-term picture is neutral-to-bullish, but the momentum is still missing. In the 4-hour chart, the pair is still trading within directionless moving averages, which offer slightly ascendant slopes.

Technical indicators head higher but remain at neutral levels. Bulls could have better chances if the pair clearly breaks above the 1.2200 level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jan Novotny,
Analytical expert
InstaForex Group © 2007-2021
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