empty
 
 
02.06.2025 06:38 PM
Trading Signals for EUR/USD for June 2-5, 2025: sell below 1.1474 (21 SMA - 6/8 Murray)

This image is no longer relevant

EUR/USD is trading around 1.1437, below the Murray 6/8 level and within the uptrend channel formed on May 9.

The instrument has an area where buyers have found it easier to take profits around 1.1476. This level could be a barrier for the euro, and from there we could expect a technical correction.

If the bullish force prevails, the euro could reach the top of the uptrend channel around 1.1474 and even the psychological level of 1.1500.

Technically, we observe that the euro is overbought and there could be a technical correction in the coming days, as crucial data from the United States will be released later this week, which could generate strong volatility in the market.

The eagle indicator is showing a negative signal, so if an additional upward movement occurs above the current price, we could consider selling as long as the intrument consolidates below 1.1500.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback