empty
 
 
29.06.2020 04:56 AM
Forecast for EUR/USD on June 29, 2020

EUR/USD

The euro tested the bearish target level of 1.1195 for the second time last Friday, the day ended at the opening level. As a result, the situation has not changed - the euro retains its intention to break through the support and move down to the price channel line of the higher timeframe, to the target of 1.1108, with an open intention to overcome this goal as well. The Marlin oscillator indicates the prospect of a decline of about 2-3 figures, which entered the downward trend zone two days ago and there is room for movement in front of it.

This image is no longer relevant

The price is consolidating under the balance indicator line on the four-hour chart, Marlin in the negative trend zone. We are waiting for the price to overcome the signal level of 1.1195, which opens the way to 1.1108.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback