26.06.202004:52 Forex Analysis & Reviews: Forecast for EUR/USD on June 26, 2020


Yesterday, the European Central Bank announced its intention to expand the provision of liquidity outside the eurozone - to the central banks of countries that are not included in the currency bloc. The euro lost 34 points. The euro completed its first bearish target at 1.1195 on the daily chart. The Marlin oscillator has penetrated into the negative zone - into the territory of a declining trend. Now, after overcoming 1.1195, the euro will go to the second goal of 1.1111, to the line of the price channel of a higher scale (monthly).

Exchange Rates 26.06.2020 analysis

The signal line of the Marlin oscillator went below the lower boundary of its own channel on the four-hour chart, while gaining a foothold in the zone of negative values. The price has consolidated under the red balance indicator line, demonstrating the seriousness of the intention to overcome yesterday's low. We are waiting for the euro at the designated target.

Exchange Rates 26.06.2020 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert
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