09.06.202321:24 Forex Analysis & Reviews: June 9, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The EUR/USD pair faced strong resistance at 1.1500 and dropped to 1.0850, 1.0400, 1.0000, and finally, 0.9600.

The market bounced back from 1.0800-1.0850 but met with more sellers that pushed the prices down again.

The 1.0930 level was a key barrier for buyers, who could only lift the prices to 1.1000 briefly.

Therefore, the current level of 1.1000 was important to be watched watch for signs of selling pressure.

On the flip side, any dip to 1.0600 could attract buyers, who might drive the prices up again.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.