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[QUOTE="Antony_NPBFX, post: 196566, member: 38727"] [SIZE=5][B]EUR/USD: EUR remains under pressure 18.06.2021 [/B][/SIZE] Good afternoon, dear forum visitors! [URL=https://www.tb.marketinstructor.com/?referer1=earnforex.com]NPBFX[/URL] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [B]Current trend [/B] EUR again demonstrates an attempt at corrective growth against USD during today's trading, recovering after two sessions of active selling, which led the instrument to renewed local lows since April 13. Investors are still buying USD after the publication of the results of the US Fed meeting, which reflected the gradual tightening of the regulator's position on raising interest rates. According to the published minutes, most of the board members expect two rate hikes in 2023, while previously only 2024 was considered. At the same time, the US Fed is also beginning to discuss the gradual reduction of the quantitative easing program, which is likely to happen before the rate hike. Macroeconomic statistics from the eurozone released today did not provide significant support to EUR. As expected, the Consumer Price Index in the region slowed down in May from +0.6% MoM to +0.3% MoM. On an annualized basis, consumer inflation continues to remain close to the target level of +2% YoY. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate a stable decrease. The price range is expanding, but it fails to catch the development of "bearish" trend at the moment. MACD is going down preserving a stable sell signal (located below the signal line). Stochastic maintains a strong downtrend, but reaches zero, signaling oversold EUR in the ultra-short term. Resistance levels: 1.1950, 1.2000, 1.2050, 1.2100. Support levels: 1.1900, 1.1834, 1.1800, 1.1758. [img]http://businesspr-finance.com/wp-content/uploads/2021/06/EURUSD180621-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/06/EURUSD180621-333.png[/img] [b] Trading tips [/b] The breakdown of 1.1900 may serve as a signal to new sales with the target at 1.1800. Stop-loss – 1.1950. Implementation time: 1-2 days. To open long positions, one can rely on the rebound from the support level of 1.1900 with the subsequent breakout of 1.1950. Take-profit – 1.2050. Stop-loss – 1.1900. [B]Use more opportunities of the NPBFX analytical portal: economic indicators [/B] Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.). If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [URL=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL]. [/QUOTE]
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