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.