How To Make Money Today: Daily Market Analysis and Forex Trading Signals, 7 June 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

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EUR/USD :

On the H4, with price moving in a bearish pressure area on the MACD indicator, we have a bearish bias that price will drop from 1st resistance at 1.07623 in line with 50% Fibonacci retracement to the 1st support at 1.04564 in line with the 78.6% Fibonacci retracement. Alternatively, price may reverse off the 1st resistance and rise to the 2nd resistance at 1.09307 in line with the overlap resistance.

Areas of consideration :

  • H4 1st resistance at 1.07623
  • H4 1st support at 1.04564

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