empty
 
 
11.06.2019 06:37 AM
Forecast for EUR/USD for June 11, 2019

EUR/USD

The euro closed the first day of the week with a slight decrease of 23 points, but technically the situation has not changed. Even on the four-hour chart, the signal line of the leading Marlin oscillator remained at the same value. Therefore, we are waiting for the price of divergence to be developed on a four-hour scale with the immediate goal of 1.1250 - supporting the MACD line of this scale. This goal also coincides with the support of the trend line of the price channel on the daily chart.

However, apart from the divergence, there are no other signs of a decline — the price remains above the balance and MACD lines on both working charts; so the risk of an increase remains as well as growth of two targets: 1.1356 - the Fibonacci level 76.4% and 1.1444 - the Fibonacci level 61.8% on the daily tf.

This image is no longer relevant

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