empty
 
 

Forex Analysis & Reviews: Forecast for EUR/USD on July 15, 2022
time 15.07.2022 05:00 AM
time Relevance up to, 16.07.2022 04:52 AM

Yesterday, the euro fulfilled its task - it reached the target support of 0.9950. But the price did not settle under 1.0020 on a daily scale. The signal line of the Marlin Oscillator, having turned up from the lower border of its own descending channel, continues to grow.

This image is no longer relevant

Tension is being created on the market, which may turn into a corrective growth up to 1.0170. Visually, at this moment, the oscillator line will touch the upper border of the channel. If the movement of the price and the oscillator are synchronized by that moment, we expect a reversal into a new downward wave from 1.0170.

If the price can overcome the support at 0.9950 immediately, then the next target will be the level of 0.9850.

This image is no longer relevant

The H4 chart also shows the tension and ambiguity of the situation. The Marlin Oscillator took a neutral state near the zero line, the price returned to the consolidation range on the 12th-14th. It is possible that a full-fledged correction will not take place, the growth can be stopped by the MACD indicator line (1.0105), then the price stop at 1.0020 will continue in the form of a normal consolidation.

In this situation, it is advisable to wait a bit, perhaps wait out the correction in order to resume short positions with less risk.

Laurie Bailey,
Chuyên gia phân tích của InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $1000 nhiều hơn!
    Trong Tháng 02 chúng tôi xổ $1000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Video market update for February 06, 2023

Watch for selling opportunities on the USD/CAD

Petar Jacimovic 10:12 2023-02-06 UTC+2

NZDUSD Potential for Bearish Drop to intermediate support

Looking at the H4 chart, my overall bias for NZDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.61966 where

Dean Leo 09:59 2023-02-06 UTC+2

LTCUSD Potential For Bearish Drop to intermediate support

Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pullback

Dean Leo 09:58 2023-02-06 UTC+2

Analysis of Gold for February 06,.2023 - Rejection of the lower parallel line

Technical analysis: Gold has been trading downside on Friday but I see the price has rejected of the rising support (upside channel), which is good sign for the further upside

Petar Jacimovic 09:24 2023-02-06 UTC+2

USD/CAD analysis for February 06 2023 - Potential for the downside rotation

Technical analysis: USD/CAD has been trading sideways this morning at the price of 1.3413. I see potential for the downside breakout and downside rotation today. Trading recommendation: I found

Petar Jacimovic 09:19 2023-02-06 UTC+2

Technical analysis of GBP/USD for February 6-11, 2023

GBP/USD may start moving upward this week, starting from the closing of last week's candle to the upper fractal. Then, upon testing this level, the pair will head towards

Stefan Doll 09:14 2023-02-06 UTC+2

Indicator analysis: Daily review of GBP/USD on February 6, 2023

The pound-dollar pair may move upward from the level of 1.2049 (closing of Friday's daily candle) to 1.2107, the 14.6% pullback level (yellow dotted line). When this level is reached

Stefan Doll 09:02 2023-02-06 UTC+2

Technical analysis of EUR/USD for February 6-11, 2023

EUR/USD may continue its downward movement this week, from the closing of the last weekly candle to the 23.6% retracement level. But once this price is reached, the pair will

Stefan Doll 08:58 2023-02-06 UTC+2

Technical Analysis of GBP/USD for February 6, 2023

Technical Market Outlook: The GBP/USD pair keeps moving lower as the bears broke through the technical support located at the level of 1.2086 and are below 61% Fibonacci retracement level

Sebastian Seliga 08:56 2023-02-06 UTC+2

Technical Analysis of EUR/USD for February 6, 2023

Technical Market Outlook: The EUR/USD pair made a new swing high at the level of 1.1033, so the bulls managed to retrace 50% of the last big wave down

Sebastian Seliga 08:55 2023-02-06 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.