logo |

News

    Home   >     Industry    >     Main body

    EUR/USD, GBP/USD Analysis & Setups 9 – 11 June 2021

    Abstract:EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again.

      The EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again. The GBP/USD has a better chance of moving up but it faces hefty resistance.

      If you think our videos, analysis, and education can help you become a better trader, then you can ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

      [fx-forecasts-cta instrument=eur-usd broker=icmarkets link=https://engine.fxempire.com/?293743824 disclaimer=Trading_Derivatives_carries_a_high_level_of_risk_to_your_capital_and_you_should_only_trade_with_money_you_can_afford_to_lose._Trading_Derivatives_may_not_be_suitable_for_all_investors,_so_please_ensure_that_you_fully_understand_the_risks_involved,_and_seek_independent_advice_if_necessary._A_Product_Disclosure_Statement_(PDS)_can_be_obtained_either_from_this_website_or_on_request_from_our_offices_and_should_be_considered_before_entering_into_a_transaction_with_us._Raw_Spread_accounts_offer_spreads_from_0.0_pips_with_a_commission_charge_of_USD_$3.50_per_100k_traded._Standard_account_offer_spreads_from_1_pips_with_no_additional_commission_charges._Spreads_on_CFD_indices_start_at_0.4_points._The_information_on_this_site_is_not_directed_at_residents_in_any_country_or_jurisdiction_where_such_distribution_or_use_would_be_contrary_to_local_law_or_regulation.]

      EUR/USD & GBP/USD Overview

      The EUR/USD bearish breakout could confirm the end of the bullish wave B and the start of the wave C down.

      The GBP/USD is stuck in between support from the moving averages and resistance from the double top pattern.

      Check out the video below for the full analysis and trade plans on 9 – 11 June 2021:

      EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels

    •   Explanation of potential trade ideas both up and down

    •   Beginner friendly, explaining concepts in more detail

      [fx-article-ad]EUR/USD & GBP/USD Video

      For a look at all of todays economic events, check out our economic calendar.

      Good trading,

      Chris Svorcik

      CTA

    New Zealand Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    New Zealand Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.