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EURUSD Price Outlook- 12 June 2024
Monthly : The candle of April has been created a Bearish M-MSS. The High of the Monthly level is 1.09812, & there is M-SSL level 1.06011. As the price has been Taken the PMH & we can see the bearish M-MSS so we can expect the M-DOL in Bearish & the target is 1.06011.
Monthly Bias: Bearish
Weekly: Weekly we can see the formation of bearish W-MSS, & the price has been closed bellow, after taking W-BSL on 3rd June W-candle, & this week we have seen formation of w-Volume Imbalance, so we can expect either the price will fillup the W-VI then go down, or it could go down from here.
Weekly Bias: Bearish
Daily: The price has been created a D-MSS along with D-FVG after taking the W-BSL, on Daily Candle closing on 7 June.& now the price has been taken the D-BSL -1.07239, So we could expect the price could go up towards the W-VI & the unmitigated Daily-FVG, then Come down, or Directly dome down from here.
Daily Bias: Bearish.
Monthly Bias: Bearish
Weekly: Weekly we can see the formation of bearish W-MSS, & the price has been closed bellow, after taking W-BSL on 3rd June W-candle, & this week we have seen formation of w-Volume Imbalance, so we can expect either the price will fillup the W-VI then go down, or it could go down from here.
Weekly Bias: Bearish
Daily: The price has been created a D-MSS along with D-FVG after taking the W-BSL, on Daily Candle closing on 7 June.& now the price has been taken the D-BSL -1.07239, So we could expect the price could go up towards the W-VI & the unmitigated Daily-FVG, then Come down, or Directly dome down from here.
Daily Bias: Bearish.
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