Risk-Off Bias Back on the Market As EURUSD Stays Around a Restricted Range at Mid-1.1200s Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


EURUSD Price Analysis – June 25

EURUSD contributes to the pullback of the prior day regarding the positive tone in the USD amid the risk aversion pick-up sentiment. EURUSD loses -0.38 percent to the level of 1.1210 as the pair remains vulnerable to more downside risks, with attention focused at 1.1200 level.

Key levels
Resistance Levels: 1.1495, 1.1422, 1.1366
Support Levels: 1.1183, 1.0950, 1.0635
EURUSD Long term Trend: Bullish
The pair currently loses 0.38 percent at level 1.1210 and confronts the next support at level 1.1183 (low) seconded by level 1.1146 (low) and eventually level 1.1035. On the positive, a 1.1366 (high) level breach may reach 1.1422 (high) level en route to 1.1458 level.

In the wider sense, the whole downtrend from 1.255 (high) level may still be ongoing as long as 1.1495 resistance level stays. The upcoming goal is level 1.0339 (low). Nevertheless, a continuous breach of the 1.1495 level may suggest that such a downward trend is over.
EURUSD Short term Trend: Ranging
The EURUSD pair drifted back across the downtrend support line – which had previously acted as a resistance. It has fallen beneath the 5 and 13 Moving Averages on the 4-hour chart on its way south. Although the traction appears upside down, EURUSD has struggled to rise beyond level 1.1366, forming a double-top.

Support lies at round level 1.12, which last week served as support. It is supported by a level of 1.1183, the low of the prior week. Even farther down, the next significant buffer is at just 1.1055, levels seen at the start of June. Resistance lies ahead at level 1.1257, last week’s minor top. It is accompanied by a level of 1.1320, another high swing, and then a strong level of 1.1366.

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *