EUR/USD Analysis & Overview June 2022

10 and one 10 us dollar bill

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The EUR/USD has completed a bullish 5 wave pattern. Could this stop the downtrend? Probably yes, because the EUR/USD is now expected to complete a bullish ABC zigzag pattern. 

The zigzag remains valid as long as price action respects the 61.8% Fibonacci support level. A break below it indicates an ABC flat correction instead.

Besides the EUR/USD, we also analyze the charts on GBP/USD, USD/JPY, Bitcoin (BTC/USD), Ethereum (ETH/USD), DJI 30, DAX, Gold, EUR/AUD, and other major crosses. We also review the performance of our trading systems during April 2022.

Video Length: 00:16:30

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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