TheBanker
Short

EUR/USD MONTHLY OUTLOOK WITH 'THEBANKER' 27/06/2016

FX:EURUSD   Euro / U.S. Dollar
Happy to be back on Tradingview guys, hope you are all enjoying Brexit profits, please continue your support by giving this a like and comment!

SUMMARY:

The EURUSD-0.60% pair fallen slightly during the course of the day on Friday, broken the 1.1095 level as support. At this point in time, the market is looking bearish . The primary trend of EURUSD-0.60% is bearish on charts and price is trading below its support trend line in its daily chart . In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 1.1100 and support at the level of 1.1040. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS:-

MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.


STRATEGY:

EURUSD-0.60% is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intraday to mid term positions in it.


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Good to see ya back! I ran the #freebanky campaign for a number of days with no success...hahah
+1 Reply
TheBanker crelliott0302
hahahahaha, that's incredible - clearly it worked! Glad to be back... hope you managed to get your slice of the pie last week.
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