Today we have market expectations and setups along with pivot points for three currency pairs.
Magic EURUSD trading strategy for June 13
Based on today’s AtoZ Magic Forex Trading Strategy analysis for EURUSD saw bearish price developments after a retracement from 1.1230 level which was our short entry yesterday. However, price rebound from R1 level and is currently trading below 100SMA. We can expect further bearish continuation towards to S1 at 1.1185 which was the lowest level so far today. If bulls manage to take back control we have to see the price to close above R1 towards to R2. Stochastic indicator is developing bullish signal towards to 50 level.
Today’s Pivot points and trade setups for EURUSD are as follows:
Pivot Point: 1.1208
R1: 1.1225, R2: 1.1249, R3: 1.1265
S1: 1.1185, S2: 1.1168, S3: 1.1144
Magic GBPUSD trading strategy for June 13
According to AtoZ magic Forex Trading Strategy for GBPUSD saw bullish price developments after a rebound from our yesterday entry level at 1.2640. We expect further bullish continuation towards to R1 level. Hence, 100SMA is neutral with no clear signal on the upside. Moreover, stochastic indicator is trading above 50 level with a bullish slope. If bears manage to take back control we can expect the price to close below 100SMA towards to S1.
Today’s Pivot points and entry levels for GBPUSD are as follows:
Pivot Point: 1.2689
R1: 1.2740, R2: 1.2820, R3:1.2870
S1: 1.2609, S2: 1.2559, S3: 1.2479
Magic AUDUSD trading strategy for June 13
For today's AUDUSD AtoZ magic Forex Trading Strategy saw the pair retracing from R2 level and is currently trading above 100SMA. If bears remain in control we can expect the price to close below 100SMA towards to S1 level. If 100SMA holds we expect bullish price developments towards to 0.7565 level. However, stochastic indicator is sloping on a bearish direction.
Today’s Pivot points and entry levels for AUDUSD are as follows:
Pivot Point: 0.7536
R1: 0.7551, R2: 0.7562, R3: 0.7576
S1: 0.7526, S2: 0.7511, S3: 0.7500
Those entries are just recommendations you are responsible for proper money management and risk management!