empty
 
 
09.06.2020 05:09 AM
Forecast for EUR/USD on June 9, 2020

EUR/USD

The euro closed at the opening level on Monday, supported by the target level of 1.1265. The Marlin oscillator has strengthened the decline on a daily basis. On the first attempt, the price failed to overcome the immediate support, today we are waiting for a more successful attempt. Target at 1.1200.

This image is no longer relevant

Price taking above support at 1.1265 is visible on the H4 chart. The signal line of the Marlin oscillator is on the territory of the declining trend - in the lower half of negative values. We are waiting for the price to try overcoming the nearest support and decrease to 1.1200 and further to 1.1125 - to the price channel line on the daily.

This image is no longer relevant

It is possible to open short positions when the price overcomes the signal support of 1.1200 and with the specified goals.

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 $1000 more!
    In April we raffle $1000 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