Trading plan for EUR/USD and GBP/USD on June 28, 2022

The Euro May Attempt To Resume An Upward Movement

Relevance up to 20:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

The euro and the pound confidently approached the upper border of the ranges from which they could not escape for a long time, and were already preparing to break them, for which they only needed data on orders for durable goods in the United States. It was assumed that their volume will decrease by 0.3%, which would be a reflection of the gradual movement of the US economy towards recession. However, orders increased by 0.7%, which was a complete surprise. It turns out that consumer activity is not decreasing, but growing, and for the third month in a row. This is contrary to countless warnings about the imminent start of a downturn in the economy.

After all, orders are a kind of leading indicator showing the state of consumer activity. In turn, consumer activity is nothing but the locomotive of the American economy. And as long as it grows, or at least does not decrease, no recession threatens the United States. The only surprise is the scale of the strengthening of the dollar. The growth turned out to be extremely weak and insignificant. This is a consequence of the fact that the indicator itself is only indirect, and it is not worth building a direct correlation with retail sales, since the growth of orders only indicates the prospect of retail sales growth. No more than that.

Durable Goods Orders (United States):


Exchange Rates 28.06.2022 analysis


Today, the macroeconomic calendar is completely empty. And since the euro and the pound remained within the previous ranges, we should expect their gradual movement towards the lower borders.


Exchange Rates 28.06.2022 analysis


The EURUSD currency pair has been moving within a closed amplitude of 1.0500/1.0600 for the second week in a row, showing variable speculative interest. At this time, there is a slowdown in the upward cycle within the upper border of the flat. In the case of the subsequent formation of the channel, the current slowdown can become a signal for a price rebound.


Exchange Rates 28.06.2022 analysis


The GBPUSD currency pair has formed a stagnation within the stagnation. In this situation, we are talking about a flat within 1.2150/1.2320, where a compression of 1.2250/1.2320 occurred in its upper part. The stop may become a signal of the accumulation of trading forces, which will eventually lead to a new round of acceleration in the market. The trading tactic is considering exiting the short-term range 1.2250/1.2320 as soon as possible. Thus, the breakdown strategy is considered the most optimal.


Read more:

The Euro May Attempt To Resume An Upward Movement

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (CFDs in Stocks, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:

Follow on:

Twitter Facebook YouTube


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.