FX: Euro To US Dollar Short-term EURUSD analysis for June 29, 2022. How Much Is 1 EUR?

Metals Recovery Process: Gold Survival Series. Copper Age

Relevance up to 15:00 2022-06-30 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.

Exchange Rates 29.06.2022 analysis


blue rectangle- resistance

Green lines- support trend lines

EURUSD is trading just above 1.05. Price has made a triple top at 1.06-1.0620 confirming the importance of the resistance at that area. Our Ichimoku cloud analysis also confirmed the importance of resistance at that area and the recent rejection provided us with a sign of weakness. One thing is for sure. For bulls to have hopes for a bigger reversal, they will need to break above this level. On the other hand, support is found at 1.0490-1.0495. Failure to hold above this level will most probably lead EURUSD towards 1.0445. The bounce from 1.0360 to 1.0615 is 61.8% of the entire decline from 1.0774. Price has stopped at the 61.8% Fibonacci retracement three times so far. We have said many times before that the 61.8% level is a possible trend reversal level. Since bulls were unable to break this key Fibonacci resistance, the most probable scenario will be for price to move to new lows.


Read more: https://www.instaforex.eu/forex_analysis/282497

Metals Recovery Process: Gold Survival Series. Copper Age

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker 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). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.


Instaforex offers access to more than 2,500 instruments (Stocks CFDs, 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: www.instaforex.eu