empty
 
 
20.06.2022 04:45 AM
Forecast for EUR/USD on June 20, 2022

Today the euro opened under the support level of 1.0493, which was pierced by the lower daily candle on Friday. Taking into account today's national holiday in the US, the euro's task is simply to close the day under the level of 1.0493, and then the next bearish target of 1.0340 will open. The Marlin Oscillator is in the downward trend zone, this circumstance raises the likelihood of just such a development.

This image is no longer relevant

The price is between the balance (red) and MACD (blue) indicator lines on the four-hour chart. The Marlin Oscillator is currently moving horizontally, but the time factor is working to lower it. The task of the oscillator is to go below the zero line in order to give support to the brewing bearish momentum.

This image is no longer relevant

The MACD line acts as a correction limiter (1.0532). If the price goes above it, it can strengthen the growth to the target level of 1.0600, that is, to retest the MACD line on a daily scale. Consolidating under 1.0493 will be the first condition for a decline to 1.0340.

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 $5000 more!
    In November we raffle $5000 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