Mid-term review of exchange rates on 8.06.2020

Hello. Below are a few recommendations for trading in the Forex market on 8.06.2020


EURUSD stayed at the level 1,1300 and formed pattern Inner bar. It seems that after a prolonged increase, it’s time for correction. I think we should wait for the fall to the area are 1.1100. But sales here will not be regarded, because it is a correction and it may end earlier. Especially in the statistics of transactions there is a preponderance of sellers.


On USDCHF did not go far from the level of 0,96000 and formed the pattern of Absorption. So far as the same are of the opinion that we can go to the correction in the district level 0.9700 and trend line. Then to expect continuation of falling prices. Sale will look at the trend line, with the goals of 0,9500 and below.


On EURJPY stopped at the resistance level 124,16 and formed a pattern Pin-bar. Should probably wait for a correction in the district level 122,86 or even 121,08. and from there will resume growth at trend. Sales here do not consider, as they are against the trend.

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