Your Daily Trading Strategy Check-in - Deriv Broker June 04, 2025 Newsletter

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Your Daily Trading Strategy Check-in - Deriv Broker June 04, 2025 Newsletter 
 

Here are today's directional views from the global research desks of Trading Central! These are starting points for your research to identify opportunities that make sense for you.
 

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EUR/USD Intraday: bullish bias above 1.1356.
 
Pivot:
1.1356
 
Our preference:
Long positions above 1.1356 with targets at 1.1432 & 1.1453 in extension.
 
Alternative scenario:
Below 1.1356, look for further downside with 1.1336 & 1.1312 as targets.
 
Comment:
The next resistances are at 1.1432 and then at 1.1453.
 


GBP/USD Intraday: The bias remains bullish.
 
Pivot:
1.3489
 
Our preference:
Long positions above 1.3489 with targets at 1.3558 & 1.3586 in extension.
 
Alternative scenario:
Below 1.3489, look for further downside with 1.3470 & 1.3440 as targets.
 
Comment:
A support base at 1.3489 has formed, allowing for temporary stabilization.
 


USD/CHF Intraday: towards 0.8208.
 
Pivot:
0.8250
 
Our preference:
Short positions below 0.8250 with targets at 0.8208 & 0.8154 in extension.
 
Alternative scenario:
Above 0.8250, look for further upside with 0.8265 & 0.8300 as targets.
 
Comment:
As long as the resistance at 0.8250 is not surpassed, the risk of the break below 0.8208 remains high.
 


Euro Stoxx 50 (Eurex)‎ (M5)‎ Intraday: further upside.
 
Pivot:
5380.00
 
Our preference:
Long positions above 5380.00 with targets at 5426.00 & 5445.00 in extension.
 
Alternative scenario:
Below 5380.00, look for further downside, with 5356.00 and 5327.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Dax (Eurex)‎ (M5)‎ Intraday: further upside.
 
Pivot:
24100.00
 
Our preference:
Long positions above 24100.00 with targets at 24420.00 & 24600.00 in extension.
 
Alternative scenario:
Below 24,100.00, look for further downside, with 23,980.00 and 23,850.00 as potential targets.
 
Comment:
The RSI is bullish, indicating further upside potential.
 


CAC 40 (Euronext)‎ (M5)‎ Intraday: bullish bias above 7759.00.
 
Pivot:
7759.00
 
Our preference:
Long positions above 7759.00 with targets at 7842.00 & 7865.00 in extension.
 
Alternative scenario:
Below 7759.00, look for further downside, with 7730.00 and 7700.00 as potential targets.
 
Comment:
The RSI is bullish, indicating a potential further advance.
 


Brent (ICE)‎ (Q5)‎ Intraday: bullish bias above 64.95.
 
Pivot:
64.95
 
Our preference:
Long positions above 64.95 with targets at 65.95 & 66.60 in extension.
 
Alternative scenario:
Below 64.95, look for further downside, with 64.50 and 64.05 as potential targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 


Gold Intraday: bullish bias above 3346.00.
 
Pivot:
3346.00
 
Our preference:
Long positions above 3346.00 with targets at 3373.00 & 3392.00 in extension.
 
Alternative scenario:
Below 3346.00, look for further downside, with 3333.00 and 3316.00 as potential targets.
 
Comment:
The RSI is mixed, indicating a cautious approach.
 

 

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