empty
 
 
05.06.2023 05:31 AM
Forecast for EUR/USD on June 5, 2023

EUR/USD:

US President Biden signed a law lifting the debt ceiling (to $31.47 trillion) until January 1, 2025, after which it will be raised. Today, the Treasury is already issuing $50 billion in 44-day Treasury bills, $65 billion in 13-week bills, and $58 billion in 26-week bills. According to preliminary data, the Treasury plans to raise $1.4 trillion by the 4th quarter. Such a massive withdrawal of money from the external sector in favor of bond issuance will put pressure on the stock market and significantly increase the demand for the USD.

This image is no longer relevant

On the daily chart, this morning, the price reached the target support at 1.0692. Falling below this support opens up the target level of 1.0615, which is the nearest embedded line of the global downtrend channel. This target almost coincides with the low of February 17, so a correction from that level is possible.

This image is no longer relevant

On the 4-hour chart, the price has stopped falling at the MACD indicator line. The support at 1.0692 has gained reinforcement, increasing its significance. The Marlin oscillator has established itself in the negative territory, and it will now help the price in breaching this support level.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback