Forecast by Marius Ghisea – EUR/USD (July 4-8)

The EUR/USD currency pair is still into a downtrend, in the medium long term. The MACD is negative and a new target for this pair may be 1.0937 (Fibo 0.38).

EURUSDdaily-page-001

The price is still under EMA 200 on the daily chart and this is another confirmation of a downtrend in the medium term. According to the 8 hour chart, the MACD will soon be negative.

EURUSD8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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