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

 

 

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