empty
 
 
25.06.2019 06:58 AM
Forecast for EUR/USD for June 25, 2019

EUR/USD

On Monday, the euro increased by 28 points - growth slowed, and the leading Marlin oscillator on the daily and four-hour charts began to discharge, relieve tension. This can be both an early signal for a trend reversal, and the indicator itself is discharged before further growth of the instrument. Visually, the Marlin is discharged before growth.

The price develops in the range between the two Fibonacci levels of the daily chart: 76.4% (1.1356) and 61.8% (1.1445), the bottom line serves as support, respectively, the correction before further euro growth can be to this level. Growth can continue without a correction to the resistance of 1.1445. Consolidating above the level will make it possible for the price to reach the next Fibonacci level of 50.0% (1.1514), which coincides with the high on January 31.

Consolidating the price below 1.1356 will make it possible to work out the MACD line on the four-hour chart around 1.1306.

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