24.06.202205:01 Forex Analysis & Reviews: Forecast for EUR/USD on June 24, 2022

After the euro reached the target level of 1.0600 on Wednesday, it already strengthened the decline from the MACD indicator line on Thursday, but the Marlin Oscillator turned even more clearly from its zero line on the daily chart. The weak eurozone PMI data for June pushed the euro to this. Manufacturing PMI fell from 54.6 to 52.0 (forecast 53.9), Services PMI worsened from 56.1 to 52.8 while expected 55.5.

Exchange Rates 24.06.2022 analysis

The price drop was stopped at the target level of 1.0493. Now, after overcoming it, the bears will see the 1.0340 target (January 2017 low).

Exchange Rates 24.06.2022 analysis

On a four-hour scale, the price under the level of 1.0493 was waiting for the MACD line, which also prevented the development of an intensive decline. But the Marlin Oscillator has already moved into negative territory, so bears are full of optimism.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Esperto analista di InstaForex
© 2007-2022
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

  • 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.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.