EURUSD Price Analysis – June 06
Should the bears break down the support level of $1.06, the price may reach support levels of $1.04 and $1.02. In case the buyers push up the price above the resistance level of $1.07, the price may increase to test the resistance level of $1.09 which may extend to $1.11 level.
EUR/USD Market
Key Levels:
Resistance levels: $1.07, $1.09, $1.11
Support levels: $1.06, $1.04, $1.02
EURUSD Long-term Trend: Bullish
EURUSD is bullish on the long term outlook. Sellers could not dominate the EURUSD market any longer when the price tested the low of $1.02 support level on May 12. Buyers gain momentum and the price increase, it broken up the resistance level of $1.06. The resistance level of $1.07 is tested last week. The price was confined within the resistance level of $1.07 and support level of $1.06 as a result of low bearish and bullish momentum.
EURUSD is trading slightly above the 9 periods EMA and the 21 periods EMA. The two EMAs were penetrated upside by the bulls’ pressure. Should the bears break down the support level of $1.06, the price may reach support levels of $1.04 and $1.02. In case the buyers push up the price above the resistance level of $1.07, the price may increase to test the resistance level of $1.09 which may extend to $1.11 level. The Relative Strength Index period 14 is at 54 levels with the signal line pointing up to indicate a buy signal.
EURUSD medium-term Trend: Ranging
EURUSD is ranging in the medium-term outlook. The price is dangling within the resistance level of $1.07 and the support level of $1.06. The mentioned resistance level holds the price and the bulls’ momentum is not sufficient to break up the level. The bears’ pressure is equally weak and the support level of $1.06 has not been broken downside. Ranging movement will continue until there is a breakout.
The price is trading around and over the 9 periods EMA and 21 periods EMA, the two EMAs are not separated from each other as a sign of low momentum in the market. Relative Strength Index period 14 is pointing up at 56 levels which indicate a buy signal.
You can purchase Lucky Block here: Buy LBlock
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again

Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated

Get Alerts
Immediate alerts to your email and mobile phone.

Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.