EURUSD 19.06.2019

OANDA:EURUSD   Euro / U.S. Dollar
Daily chart:
So, upward structure of the single currency does not exist after yesterday’s events anymore. It’s crashed. Does that means, that decline will be continued? Not necessary. In case of forming of bullish inside bar today (watch the black round mark) a new upswing will be triggered (black arrow). If bears pierce the 1.1173 support we’ll get premises for further development of downswing in direction 1.1133 (red arrow).


Local structure has chaotic shape keeping bearish momentum at the same time. However it lacks a completed upswing. In case downtrend is viable we’ll see activity of bears at the round psychological level 1.1200 (watch the red trajectory). Whereas a break above 1.1200 would be a signal of some recovery of the single currency after yesterday’s knockdown.


Main scenario: Continuation of decline after testing of 1.1200. The target is 1.1160-1.1170.

Alternative scenario: Growth above 1.1200 towards 1.1220-1.1240.

Trading recommendations:

Seeking for local signals to both sides in relation to the 1.1200 level.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out