FOREX ANALYSIS BY MARIUS GHISEA (JUNE 15-19)

EUR/USD FORECAST

According to the MACD on the daily chart, the EUR/USD pair can fall in medium-long term at 1.10 level. But if EUR/USD price will rise above 1.1270 in the next period, it can go up to 1.15 in order to form there a triangle.

EURUSDdaily-page-001

The EUR/USD pair is still in a tight range on the 4 hour chart. If this pair breaks out 1.1157 level, the next target will be 1.10. If EUR/USD breaks out 1.1320 level, the next target will be 1.15 level. The RSI indicator which is below 50 level confirms the downtrend for this pair.

EURUSD4h-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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